Block Weiss Ratings (https://weisscrypto.com/en), a cryptocurrency credit rating information company, announced on the 11th that Weiss Ratings has upgraded its EOS, NEO, and QTUM ratings.

Block Weiss Ratings is a company co-founded by Weiss Ratings, an American credit rating company, and Block Media in April 2019, and operates a domestic digital asset evaluation business. Weiss is a credit rating company comparable to four major rating agencies including Moody’s, S&P, and Fitch, and is the only credit rating company that has been providing digital asset rating services since 2018. Weiss selects the final rating through its own evaluation model based on the latest information on each cryptocurrency’s Technology, Adoption, Risk, and Momentum.

Weiss gave Etherium (ETH) the highest A rating this week following last week. Bitcoin (B+), Cardano (B-), Stellarlumen (B-), and Tezos (B-) were followed.

The total number of cryptocurrencies rated C+ or higher has increased by 3 from last week to 17. EOS (EOS), NEO (NEO), and QTUM (QTUM) have risen one notch from the C grade. Litecoin (LTC) and Monero (XMR) were upgraded from C+ to B-. Cardano (ADA) was downgraded from Grade B to B-.

“Weiss Cryptocurrency rating is determined by two sub-factors,” said Martin Weiss, CEO of Weiss Ratings. “They are technology/adoption ratings and market performance ratings of the crypto-project. The technology/adoption rating is stable compared to the market performance rating which fluctuates from time to time depending on the price changes in the market. Weiss Ratings’ cryptocurrency rating is finally determined by the complex algorithm developed by the company based on the above two factors. If you are a long-term investor, I recommend  focusing on our technology/acceptance ratings for specific coins.”