You're only seeing the reaction from the crypto world and most people don't understand that a C rating is not bad and BTC didn't get an A because they just never give out A's. There's a ton of other people out there who had dismissed Bitcoin early on as a ponzi scam who might take a second look after seeing these ratings.
I'm not bereft because of these ratings. They're blatant shite. Point me towards someone who is taking them seriously.
The overall concept is sound and potentially helpful. The execution of this particular iteration is a steaming piss take.
Yeah feels like the market is shrugging these off. Maybe some reaction in price but nothing earth shattering.
Moving on...feels like cryptos are basing after the recent bludgeoning. What will be the catalyst for another gap higher in NEM (if any)?