Cardano (ADA) has now achieved the “A” status, placing it alongside Bitcoin and Ethereum as the only cryptocurrencies in this prestigious category.
Weiss Crypto, a market rating firm, has upgraded Cardano to an elite status, placing it alongside Bitcoin and Ethereum.
Cardano recently broke the $1 mark, reaching a multi-year high and becoming one of the top performers among major cryptocurrencies.
On November 22, Weiss Crypto announced that Cardano’s rating had improved from “B+” to “A-“, reflecting its strong market performance.
The “A” category signifies excellent digital assets that meet significant market criteria, and Cardano’s ranking is based on its adoption, technology, and overall performance.
However, Cardano’s “A-” ranking is the lowest within the “A” category, which also includes “A+” and “A” grades.
Bitcoin holds the highest rating with a strong “A” and a “strong buy” recommendation.
Cardano’s upgrade was anticipated, especially following recent partnerships that enhance its ecosystem, such as the collaboration with BitcoinOS to enable smart contract capabilities on the Bitcoin network.
This partnership could facilitate liquidity between the two networks, allowing Bitcoin developers to create decentralized applications on Cardano.
In addition, founder Charles Hoskinson’s role in shaping U.S. crypto policy has attracted institutional interest in Cardano.
Other notable cryptocurrencies like Solana, Dogecoin, and XRP have received high ratings as well, with Solana rated “B+” and XRP holding a “B” grade.
Dogecoin has a “B” rating overall, with varying scores in adoption and price performance.
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