Weiss Ratings, an independent financial rating agency appears to be very fond of Cardano (ADA), the smart contract platform built on peer-reviewed academic research.
On May 20, the popular rating agency praised Cardano in a tweet stating that it’s one of the best projects in the crypto space and is also a steal of a deal right now.
#Cardano is one of the best projects in the space, and also one of the cheapest cryptos out there. #ADA #crypto #cryptocurrency #altcoins #bitcoin #BTC
— Weiss Ratings (@WeissRatings) May 20, 2019
These words from Weiss are being taken as a serious compliment as they are a respected agency in the space with leading analysts and researchers working under their wing.
However, not everyone shares the same opinions as Weiss Ratings. If you scroll through the comments of Weiss’s tweet, a large number of users are in disbelief that Weiss said this. They claim that Cardano is only good on paper because they have failed to deliver a working product with adoption as opposed to Ethereum.
Is Cardano One of the Best?
Whether you agree with Weiss Ratings or not, Cardano may very well be one of the most undervalued cryptos if it does end up accomplishing what it sets out to accomplish. While their development may be slow, the team behind Cardano has a very positive reputation and are building things right from the get-go.
Also, the founder of Cardano, Charles Hoskinson has been establishing a number of new partnerships with governments and entities in developing countries such as Africa and Mongolia. He is setting Cardano up to be an enterprise blockchain framework that will offer better financial services to people and solve real-world problems.
Therefore, Cardano has a lot of potential if they can deliver on what they’re setting out to accomplish. Whether they’re one of the best projects in the space is one up for debate. However, they very well could become one of the best and therefore, maybe Cardano (ADA) is currently undervalued at around $0.08.
Do you think Cardano (ADA) is one of the best projects and is undervalued? Let us know what you think in the comment section below.
