Popular cryptocurrency data platform CoinMarketCap has introduced a new metric to assess the health of cryptocurrency projects. Called the Fundamental Crypto Asset Score (FCAS), it measures the user activity, developer behaviour and market maturity of a cryptocurrency project. The FCAS Metric is developed by blockchain analytics startup Flipside Crypto.
The FCAS score is assigned on a 0-1000 point scale and a corresponding letter grade. It aims to provide a different metric to evaluate cryptocurrency projects. These scores are also subject to change daily. The user activity and developer behaviour account for the largest portion of FCAS whereas market maturity accounts for a smaller portion of the metric.
At the time of writing, Bitcoin was at a score of 887 with ‘A’ rating. Ethereum was doing even better with ‘S’ rating (superb) and 910 points. The lowest projects are given an F (Fragile) rating. The controversial stablecoin Tether has been given an ‘F’ rating by Flipside.
(Image Credit: Flipside Crypto)