Yesterday, Weiss Ratings held an “emergency crypto briefing” yesterday mid-day where the team discussed their strategy behind their cryptocurrency gradings. The notorious ratings bureau was founded in 1971 and has since graded everything from insurance plans, stocks, mutual funds, and financial institutions. The Weiss team took on grading cryptocurrencies late January of this year. Many have been looking for a researched and unbiased metric to gauge cryptocurrency, as investors currently seek advice for cryptocurrency investing from either forums, facebook groups, or colleagues.
During the web conference, the Weiss team’s econometrician and mathematician, Juan M. Villaverde, spoke about his top cryptocurrencies and the five to avoid. I covered that yesterday here. If you’d like to listen to the entire briefing of their strategy, you can do so by clicking this link.
Dr. Weiss prompted a question to Mr. Villaverde during the web conference asking him what metrics an investor should follow when considering cryptocurrency investing. Villaverde followed the question with seven metrics all investors should use to research a specific cryptocurrency and its underlying project before actually investing. The first couple he put a lot of emphasis on but was very brief with the last few. If you are new to cryptocurrency or even a ‘seasoned’ investors, these seem to be a great start to cryptocurrency investing.