Hi friends! Welcome to this update analysis on Ethereum! As many of you know, today marks the release of the Weiss Ratings cryptocurrency report, in which the U.S. securities rating agency has publicized it's official grading of several currencies in the sector. Enter Ethereum! Weiss has disclosed, in it's ratings report, that Ethereum 1.94% was awarded grade B, due to it's "benefits from more readily upgradable technology and better speed, despite some bottlenecks." This rating was actually higher than Bitcoin's C rating, which drew some fire from experts in the space. Some argued that the agency had "overvalued the transaction capacity of Ethereum 1.94% ," and "undervalued the protocol stability, security, and decentralization of Bitcoin 1.09% ." Regardless, these developments have produced mild volatility across the space, as traders digest the news, and sort through the methods that Weiss used to determine the final ratings.
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