Weiss Ratings Poll Respondents Find XRP the Best Crypto to Buy Under $1

A recent Twitter poll from Weiss Ratings asked people to vote on what they saw as the best cryptocurrency to buy under $1. A total of 5,276 people participated in the poll, which amounts to about half of the firm’s Twitter followers.

Out of XRP, stellar lumens, cardano, and IOTA, XRP captured the top prize with 64% of the votes. Cardano came in second with 25%, while IOTA finished last at 3%.

Weiss heralds itself as America’s leading provider of “independent, unbiased, trusted ratings” of assets like cryptocurrencies, ETFs, and stocks.

Bullish On XRP?

Some commenters on the original Twitter post said it was obvious that XRP would win. Others were not so sure. One person said XRP was based on “speculation” while Cardano was an “investment.” Another characterized XRP as a “bankers coin” and not something “crypto is about.”

Many made a point to say Cardano was their preferred choice, while another challenged the basic idea of the poll altogether. They said price “isn’t the metric to follow here. Market cap is.” The commenter said Weiss was “feeding the stupidity of mom and pop investors” with polls like this.

Weiss' Reports

The organization has had a few instances over the past few months where they have discussed various factors related to XRP and other cryptocurrencies.

In early August, the company said they thought “XRP is the fastest digital asset to transfer funds between exchanges.” A couple of weeks earlier, the organization carried out another poll that asked people to choose the cryptocurrency they thought was “best for moving funds between exchanges.”

Out of 7,598 votes, 78% seemingly agreed it was XRP, but many people criticized the poll because the option was “Ripple’s XRP.” Many people in the comments pointed out how the phrasing was not correct. Weiss Rating has earlier this year also published a report that praised the strong performances of top altcoins like NEO, cardano, and EOS, while highlighting cryptocurrency scams that threatened investors.