Weiss Crypto Ratings Says Cardano Is 'Vastly Superior' to EOS

Michael LaVere
  • Weiss Crypto Ratings calls Cardano "vastly superior" to EOS. 
  • EOS holds a market capitalization of $3.2 billion compared to Cardano’s $1.1 billion.

Weiss Crypto Ratings has put its weight behind Cardano, saying that the project is superior to other network-based competitors. 

According to a tweet published Nov. 13 on its official Twitter account, Weiss Crypto Ratings claimed that Cardano is “clearly superior” to EOS. EOS holds a market capitalization of $3.2 billion compared to Cardano’s $1.1 billion. 

The rating agency explained that while EOS may have been first to market, it’s becoming “increasingly clear” that Cardano has pulled ahead in the competition for best crypto-based technology.

Weiss Ratings also provided the update that Cardano has completed the first snapshot and balance check for its Shelly testnet. The agency calls this the first step towards staking, which will allow investors to begin earning dividends on their ADA. 

As previously reported, Weiss Ratings took to Twitter last week to argue that Cardano and Algorand had already solved most of the issues addressed by the CBC Casper Protocol, while saying that Ethereum was wasting time on the project. 

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