Well, I just faced this news. This would be rather interesting. According to the article on the Finance Magnets, Weiss Ratings will rate some of the cryptocurrencies. (BTC, ETH, XRP, BCH, LTC, and etc)
This can be good and bad.
The bad. As soon as the release of the rating, I am thinking that many coins’ price will drop, especially BTC. Why? It’s decentralized! Why would an entity like Weiss Ratings spend time rating “back-street, black market” money? I say it’s the first step of centralizing cryptocurrencies. This defies the sole existence of cryptocurrencies, that is those are decentralized. Freedom from the control of a government. So, my speculation is that all the decentralized crypocurrencies’ price would drop. Centralized currencies such as XRP may spike up instead.
The good. It will definitely stabilize the price in long run. Since the rating will be done through each coin’s volatility, value, and etc, each investor can view each coin with a much clear picture. What I am particularly interested in this news is that… why do I smell that some Wall Street’s money is going to flow into the cryptocurrency? Hum~ This means, the 3rd boom of cryptocurrencies!
So, when is this going to happen? This coming Wednesday! Jan 24th, 2018!
I cannot wait!