The wonderfully weird world of blockchain
Have you bought into the blockchain frenzy? Made some money by investing into Bitcoin at what seemed like ludicrous prices, only to see it soar to new highs every second day?
In recent times, Blockchain has been likened to the early days of the internet - where new companies sprung up every day, but many were left behind like a trail of dead bodies.
Below is a list of 5 cryptocurrencies that really make you wonder if they will be part of the trail of dead bodies left behind!
5. TrumpCoin (TRUMP)
Meant to "support President Trump and his vision of making America great again.", TrumpCoin is awarded to Trump Ambassadors who post weekly articles on their Facebook page.
In January (before The President's inauguration) TRUMP hit an all time high of 51 cents, representing a market cap of $3.38 million. Today? TRUMP is only worth 6 cents for a market capitalisation of only $427,000!!
4. Pandacoin (PND)
A crypto that is simply meant to emulate the banking system, by appealing to novice users with a cute crypto name. Hold PND in your PandaBank account, while trading is open and your computer is online, and you will be rewarded... wait for it... with 2.5% interest rate!
3. Skincoin (SKIN)
We all know gaming is a multi-billion dollar industry, right? So it makes sense we need a NEW crypto currency to make skins for videogames firearms(!!!) That this crypto has managed to secure $3.3 million worth of ether in funding is just absolutely mind-boggling!!!
2. Useless Ethereum Tokens (UET)
Marketed as the _"world's first 100% honest ETH ICO", this crypto currency allows you to buy tokens that, well, are totally useless. Give your money away for nothing - that is the purpose of this cryptocurrency! Talk about contrarian investment!
1. Coinye (COINYE)
Originally called Coinye West, this project had to be abandoned after Kanye West filed a a trademark-infringement lawsuit. Why? Because the coin's mascot was an image of a fish that looked like him!
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