Weiss Ratings is a private firm that offers research and review services for individual and business use. The firm released a list of 93 digital currency ratings in May 2018, with Bitcoin (BTC), Cardano (ADA), EOS (EOS), Ethereum (ETH), Ripple (XRP), Stellar (XLM), and TRON (TRX) emerging on top.
Ripple (XRP) Rated the “Best Coin to Buy Under $1.”
On 11th October 2018, Weiss Ratings requested its twitter followers to participate in a poll that was after determining the best coin to buy below $1. Later, the agency announced the poll outcomes through their Twitter page where members followers had been requested to participate in the poll.
Details of the Survey
5,726 followers, almost half of the company’s followers, took part in the survey. The outcomes have reflected a positive view from the Twitter community to a rather contentious digital currency that has not received much hype in the crypto space due to its fundamental philosophy.
The agency had provided participants with four choices. Ripple emerged the winner with 64%, Cardano (ADA) was the second choice with 25%, Stellar Lumens (XLM) came in third place with 8%, and IOTA recorded just 3% of the total votes.
What the Poll Results Reflect
These poll outcomes indicate Ripple’s rising acceptance among people and corporations globally. Ripple champions the other digital currencies by having its significance felt in the traditional trading systems through the provision of various platforms and software choices to users.
The outcome of the poll also echoes the value of XRP, Ripple’s domain cryptocurrency. Recently, XRP dethroned Ethereum to third place, regarding market capitalization.
Weiss Ratings are highly respected by crypto enthusiasts and investors after generating a ranking system, which groups cryptocurrencies using a sequence of criteria. This enables them to obtain an objective perception of the crypto space. Weiss Ratings gave XRP a progressive rating by improving from C+ TO B- in their latest rankings.