• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • About us
  • Write for us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact
  • All Posts
  • Advertise

TronWeekly

Crypto World News

  • Home
  • Education
    • Best TRON Wallets
    • Beginner’s guide to TRON
  • Opinion
    • Tron Tokens
    • Market Analysis
  • Industry
    • Tron Exchange
    • Project Review
  • Press Release
  • Advertise
  • About us
    • The Team
    • Editorial Policy
    • Write for us
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • Contact
You are here: Home / News / Altcoin News / Ethereum Receives Accolades From Weiss Ratings as Social Engagement Improves
Weiss Crypto Ratings

Ethereum Receives Accolades From Weiss Ratings as Social Engagement Improves

March 8, 2020 by Utkarsh Gupta

Ethereum’s performance in 2020 cannot be taken lightly as the second-largest digital asset has registered a growth of 125 percent over the first 44 days of the year. Its valuation increased from $128 on 1st January to a yearly-high of $287 on the 14th of February. Over the past three weeks, along with the collective industry, ETH witnessed a price slump but the token has been able to maintain its position above $200.

“Ethereum is pushing our Industry Forward”-Weiss Crypto Ratings

According to Weiss Crypto Ratings, a popular crypto rating entity, Ethereum is currently carrying the torch forward in the industry and suggested that the network is at a perfectly placed in the ecosystem from a perspective of trading or building decentralized applications.

Weiss’s reactions came at the back of Anthony Pompliano’s recent blog post about Ethereum where the popular Bitcoin proponent described Ethereum’s ideology as a currency to be fundamentally inaccurate. Anthony Pompliano went on to draw a comparison between Ethereum and fiat-money which attracted significant criticism from the community and Weiss Crypto Ratings was at the front of the pack.

The rating agency hinted a jab at Anthony Pompliano without taking his name directly and stated,

“We’ve seen people call #ETH “fiat money” while praising governments for their efforts to introduce their own “digital currencies” as it relates to crypto.”

It is important to note that Ethereum’s Decentralized Application-DeFi has been rising steadily over the last 6 months and has recently raised more than $1 billion worth of assets under its DeFi protocols.

Pompliano acknowledged the above sentiment and stated that DeFi is an important part of the digital asset ecosystem and it would likely represent and hold a significant place on the global financial system with time.

Ethereum Social Engagement continues to grow

Image 1 ETHIn spite of receiving heavy criticism over the week, According to LunarCRUSH, Ethereum continued to claim a higher social engagement over the past few days. The organization which analyses various factors of social engagement including likes, comments, retweets, etc, etc indicated that ETH’s social volume has improved over the past day.

Image ETH 2

According to statistics, social engagement in the past 24-hours has improved by 12.7 percent and the token was 76 percent bullish in the digital market industry at press time. The number of posts in terms of social volume also increased, registering a hike of 25.2 percent over the previous day.

ProgPoW yet to be integrated with Ethereum

The current rise in social engagement could be due to Friday’s ETH core developer’s call. Ethereum hardfork coordinator James Hancock revealed that ProgPoW will not be a part of the hardfork that would be scheduled forward. Core Developers believed that at the moment the community was majorly anti-ProgPoW, and a change cannot be pushed ahead if there is a lack of support for the implementation.

With the future yet to be decided, it was pointed out during the call that both the supporters and opponents of the ProgPoW protocol wanted to avoid a disrupting chain split.

Filed Under: Altcoin News Tagged With: Anthony Pompliano, crypto ratings, DeFi, Ethereum (ETH), ethereum 2.0 ProgPoW, ProgPoW, social engagement, Weiss Crypto Ratings, Weiss Ratings

Primary Sidebar

Recent Posts

  • Turkish Crypto Exchange Users Succumb to Losses After CEO Absconds April 22, 2021
  • Tron [TRX] Bulls Stagnate Near $0.12 After Remarkable Comeback April 22, 2021
  • Bitcoin To Encounter “Major Correction” Warns Guggenheim’s Scott Minerd April 22, 2021
  • Tata Steel-HSBC Seal First Blockchain-Based Trade Finance Deal April 22, 2021
  • XRP Eyes Consolidation Below $1.46 Before Next Move Higher April 21, 2021


Footer

News

  • Altcoin News
  • Bitcoin News
  • Blockchain
  • Tron News
  • World

Digest

  • Meet the Founder
  • Price Winning Article
  • DeFi
  • Cyber Security
  • Crypto Scam

Industry

  • Project Review
  • Technology
  • Fintech
  • Tron Exchange
  • New in Town

Tron Universe

  • Event and Tron Parties
  • New in Town
  • Tron Tokens

Follow Us

Subscribe US

Copyright © 2021 · Tron Weekly. All Rights Reserved. NOTE: Tron Weekly is an independent crypto news site that adheres to the strict journalism policy anchored on transparency, trust, and objectivity, we have no affiliation with the TRON Foundation, its founder Justin Sun or any other cryptocurrency firm.