12 Weird Cryptos: Where Are They Now?

In 2017, Forbes published an article titled Cryptos In Wonderland: 12 Of The Weirdest, Wackiest Coins. The story looked at a dozen tokens that the magazine claimed were both “silly and stupid,” and lightly mocked each one in turn. The article also mentioned the market cap of each token, driving home the overall point about how overvalued these cryptos seemed to be.

It’s been a little over two years since the Forbes article, and in this post we’re going to take a look at how well those “stupid” tokens have performed.

1. Dogecoin: Forbes contributor Laura Shin seemed to understand the appeal of the Shiba Inu token, noting that even though it was “originally issued as a joke currency” DOGE has since become “a coin-market star” thanks to some high-profile sponsorships and charity donations from the Dogecoin community. At $0.003, DOGE’s price today is about the same as it was in 2017, although the overall token supply has grown substantially.

Market Cap Then: $280 million
Market Cap Now: $452 million

2. Mooncoin: Forbes didn’t have much to say about Mooncoin, accidentally echoing the sentiment of the cryptocurrency community itself. MOON sold for $0.0001 back in 2017, and it has dropped significantly since that time, trading today at $0.000023.

Market Cap Then: $21 million
Market Cap Now: $5.2 million

3. Potcoin: Created as a token for the cannabis industry and community, POT as been viewed skeptically by cryptocurrency community from the start. Even if illicit drug sales still play a huge rule in crypto, why draw more attention to that fact? Forbes notes that the token is “best known for sponsoring a trip by Dennis Rodman to North Korea,” and that statement is probably just as true today. POT was trading at $0.18 at the time of the story, a far cry from today’s $0.007.

Market Cap Then: $22 million
Market Cap Now: $1.7 million

4. Legends Room: Only the truly obsessed ICO investors likely remember LGD token, created to be a “world class Las Vegas gentlemen’s cabaret re-imagined using blockchain technology.” Forbes was understandably underwhelmed by the token’s core concept. At the time, LGD was selling for around $1.40. Today, the token appears to be completely dead.

Market Cap Then: $50 million (estimated)
Market Cap Now: $0

5. TrumpCoin: It was never clear how TRUMP tokens were actually going to “support President Trump and his vision of making America great again,” and Forbes was more than happy to point this out at the time. Worth around $0.05 at the time of the article, TRUMP now trades for just $0.02.

Market Cap Then: $427,000
Market Cap Now: $147,000

6. InsaneCoin: Even though INSN’s creators described their token as a “state of mind” as much as a viable payment system, Forbes noted that the developers had some fairly lofty plans for the project, including a voting platform and online storefront. At the time INSN traded for around $0.13, a far cry from today’s $0.008.

Market Cap Then: $1 million
Market Cap Now: $198,000

7. Unobtanium: Noting that UNO was “gunning to be the rarest crypto-token ever” thanks to its limited supply of 250,000 tokens, Forbes didn’t appear to have a strong viewpoint on this crypto. At the time, UNO was trading for around $33. Today, it trades for a respectable $140.

Market Cap Then: $6 million
Market Cap Now: $28 million

8. Pandacoin: Designed to behave in a much more bank-like manner than most cryptos — including interest payments and bank-like accounts — Pandacoin has always been something of an edge case in the cryptocurrency world. This point was not missed by Forbes, although they cut PND some slack by explaining “Who doesn’t love panda bears?” PND was trading at just $0.00005 at the time of the article, and currently sells for $0.0001.

Market Cap Then: $1.6 million
Market Cap Now: $3.6 million

9. SkinCoin: Before the crackdown on video game loot boxes, SkinCoin found a niche for itself trading in custom in-game item and character skins in games like Counter-Strike: Global Offensive, Dota 2, and PUBG. As Forbes noted, it’s a token for those in the market for a “rainbow-colored skin on the Glock-18.” SKIN sold for around $0.02 in 2017, but thanks to decreased demand it now sells for around $0.001.

Market Cap Then: $3.3 million
Market Cap Now: $96,000

10. Coinye: If you’re going to poke fun at the booming alt-coin markets of the mid-2010s, the “gay fish Kanye West” token Coinye is fair game. Forbes notes that the project was already long-abandoned by the time of their article thanks a trademark-infringement lawsuit. Coinye only existed for a week — Jan. 7-14, 2014 — making any price and market cap data completely irrelevant.

Market Cap Then: N/A
Market Cap Now: N/A

11. Useless Ethereum Token (UET): Another joke token, UET wasn’t even a standalone blockchain. It’s more a harshly sarcastic statement about ICOs, with the official website stating “You’re going to give some random person on the internet money, and they’re going to take it and go buy stuff with it. … Seriously, don’t buy these tokens.” Forbes thought it was funny though, adding UET as an honorable mention.

Market Cap Then: N/A
Market Cap Now: N/A

12. Ethereum Classic Classic: When Ethereum Classic split off from Ethereum in an effort to keep the original vision for the token pure, many people thought the hardfork would be a disaster for both blockchains. Others, however, thought it was a great opportunity to troll both sides. Aiming to restore the “Ethereum Classic vision,” Ethereum Classic Classic was never a real thing. It’s not clear if Forbes missed the joke, but they thought the whole thing strange enough to include it on their list.

Market Cap Then: N/A
Market Cap Now: N/A

6th July, 2019 / Category - News