Cryptocurrencies are poised to finish the week ending 3/29/2019 mostly positive with the price of Bitcoin (BTC) higher by 1.41% to just below $4,100. After BTC gave up the crucial $4,000 price level on Monday, bulls stormed back with a vengeance and have supported the benchmark coin well above $4,000 since Thursday. EOS (EOS) and Cardano (ADA) led major coins in gains this week, each soaring more than 18% since last Friday.
Cryptocurreny rankings dominated the conversation among industry pundits this week as the Chinese government released its 11th cryptocurrency ratings and Weiss Crypto Ratings published a new ratings report. China’s 11th crypto ratings ranked EOS as the #1 cryptocurrency, TRON (TRX) as the #2 cryptocurrency, and BTC as the #15 cryptocurrency. Meanwhile, Weiss Crypto Ratings, who assigns cryptocurrencies with letter grades, awarded top “A” scores to only BTC, Ripple (XRP), and EOS. Did these ratings drive EOS to outperform this week?