In the latest figures released by financial rating bureau Weiss Crypto Ratings this week, Cardano (ADA), Tezos (XTZ), Cosmos (ATOM) and Fantom (FTM) are the top coins by in the "technology" category, ranking higher up Bitcoin (BTC) and Ether (ETH).

Released weekly, the rating compares cryptocurrency coins in a number of categories including adoption, risk/advantage and technology.

Weiss Crypto Ratings

The list currently rates 123 coins and tokens with the highest overall rank only striking a B+. The take a chance/reward cavalcade does non give whatever coin a rank above D.

Rating system

The Weiss Crypto Ratings model is congenital with five basic layers that have data from the projection's technology, adoption, gamble and momentum. These layers then filter the data through in-house software models identifying each component in relation to the potential success or failure of the overall company.

In part, their success is claimed past their power to remain impartial and objective through the fact that they receive no incentive or compensation from whatever of the cryptocurrencies.

How the summit projects are traveling

XTZ, ADA, and Atom are currently ranked 10th, 13th, and 23rd respectively by marketplace capitalization.

Tezos has shown strong gains in 2022 with the current price of $2.68 virtually double the price coming into this year. Previously the squad was in the headlines due to legal battles and internal fighting.

Cardano just released its V1.0.0 Daedelus update with other milestones expected to exist hit throughout the yr. The protocol's founder Charles Hoskinson recently told Cointelegraph why he believes the project could reach a trillion-dollar market cap.