【Cardano becomes an 'A' grade asset, joining Bitcoin and Ethereum, becoming the only occupant of the elite group】
Cardano recently broke through the psychological price level of 1 USD and reached a new high in years, becoming a top performer among high market cap cryptocurrencies. Its market surge and ecosystem development led Weiss Crypto to upgrade its rating from 'B+' to 'A-', joining the top digital asset category alongside Bitcoin and Ethereum.
According to Weiss Crypto's report, an 'A' rating represents assets that excel in adoption, technology, and market performance. Bitcoin holds the highest rating of 'A' and comes with a 'strong buy' recommendation. Although Cardano received an 'A-' rating, it is the lowest in this category.
The rating upgrade is mainly attributed to the progress of its ecosystem, including collaboration with BitcoinOS to introduce smart contract capabilities to the Bitcoin network and provide liquidity to the Cardano chain, reaching a Bitcoin market cap of 1.9 trillion USD. Additionally, Bitcoin developers can deploy applications on Cardano and use BTC to pay transaction fees.
Founder Charles Hoskinson is actively involved in shaping U.S. crypto policy, attracting more institutional adoption and further strengthening Cardano's growth potential in its ecosystem.
Other notable assets such as Solana, Dogecoin, and XRP also performed well in Weiss Crypto's ratings. Solana received a 'B+', with technology and adoption rated 'B', and market performance reaching 'A+'. XRP is rated 'B', with technology and market performance rated 'B' and 'B+' respectively. Dogecoin is rated 'B', with adoption rated 'B', and price performance rated only 'C+'.
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