Re: [ANN] CREDITS - New Blockchain for financial industry [OFFICIAL THREAD]
As a long term supporter of this project, I'd like to point something out here.
Despite rising in asset rank into the top 200, which is certainly positive, Credits has recently fallen dramatically in the ratings on CoinMarketCap. If you click on the ratings tab, these calculations are by FCAS and stand for "Fundamental Crypto Asset Score." Since April of this year, Credits was ranked a "C," but recently has fallen to a "F" rating.
Although admittedly, I don't know much about this rating system, or how accurate it is, I think this is an ominous development, and for this reason alone, I think it's advisable to exit the Credits asset and wait for further developments.
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Despite rising in asset rank into the top 200, which is certainly positive, Credits has recently fallen dramatically in the ratings on CoinMarketCap. If you click on the ratings tab, these calculations are by FCAS and stand for "Fundamental Crypto Asset Score." Since April of this year, Credits was ranked a "C," but recently has fallen to a "F" rating.
Although admittedly, I don't know much about this rating system, or how accurate it is, I think this is an ominous development, and for this reason alone, I think it's advisable to exit the Credits asset and wait for further developments.
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It's a rating from FlipSideCrypto, in partnership with CMC.
The factors they consider are User Activity, Developer Behavior and Market Maturity - https://flipsidecrypto.com/fcas.
Unfortunately, they do not display any history or list of changes as to why they gave it an F grade.
This is the very reason why I don't trust it or generally, I don't trust CMC.
See? With just a single letter, you've ended up advising people to exit/sell their assets. A rating with no visible basis.
This is better
Otherwise, do your own research and determine why the change in this rating has occurred.
P.S. I don't shill for this project. I'm actually looking it as a risky investment.
My point is - don't base a decision on a single entity.