The cryptocurrency market is flooded with projects and companies are formed over night, promising use-cases of the blockchain that have never been heard off before. They create websites, announce ICO dates, execute them and then they fall off the face of the market because their coins have become virtually worthless owing to multiple reasons.
These reasons could be as simple as the idea did not materialise, the interest that they expected from the community wasn’t achieved, etc. Irrespective of what the reason for tanking is, the fact is that the coin, project and by extension the company have failed. Coins that become virtually worthless over time are called Shitcoins in the community.
And since the cryptocurrency media is usually filled with trade recommendations and with things you should buy immediately, here is a list of project and their respective coins you should stay away from. Most of these coins have not even crossed the $1 USD mark in the last 8 months of this year and have stayed sub-zero dollars for more than five months.
Top 10 hitcoins of 2017-18
Bitjob is a company that aims to create a peer-to-peer blockchain marketplace that connects employers and students. It is a marketplace that can be used by students to score short-term gigs in the fields that interest them and by employers for posting jobs and getting cheap labour. The long term goal of the company was to integrate the blockchain into the business market and make the technology future-ready.
The native coin of this ecosystem is called the STU. It is ranked 969th on coinmarketcap and has seen little to no change in value over the last four months.
The coin is currently valued at $0.006 USD and its highest ever value was $0.23 USD.
Vezt is a intellectual properties marketplace focussed on the music industry in particular. The marketplace allows music fanatics and interested participants buy rights to their favorite music and participate in the revenue generated. Fans can pick and choose which parts of the song they want to own and can choose to capitalise on it.
The native coin of the marketplace is VZT. It is ranked as the 1090th coin on coinmarketcap. The trends of the coin have seen no significant change for the better since the beginning of the year. The current value of the coin is $0.018 USD and the highest value the coin has been is $4.11 USD.
The narrative network is a social media networking site specifically for content. Where users can share and curate content based on their interests. Users on the network can also post content on the behalf of their companies and enterprises. People on the network can either share their stories visually or through words.
The native coin of the Narrative Network is NRVE. It is ranked as the 852nd coin on coinmarketcap. The trend of NRVE is very interesting, it has seen many ups and downs over the past year, however it has never crossed the $1 USD mark.
The current value of the coin is $0.018 USD and the highest value the coin has been is $0.07 USD.
IUNGO is a company that is working on connecting the world using the internet. Its entire aim of the project is to make WiFi available to everyone, everywhere in the world with the help of swarm hotspots. IUNGO aims to be a global internet provider and to do so decentralisation and a fork from traditional network providers.
The native coin of the network is called ING. It is ranked as the 881st coin on coinmarketcap. The trend of ING has been on a downward slope ever since its release.
The current value of the coin is $0.017 USD and the highest value the coin has ever held is $0.4 USD.
COPYTRACK is a photography environment that deals with legal rights. The environment was created to help photographers handle and deal with the possibility of image theft and unauthorised usage. It essentially keeps a track of the images of the users and makes sure that whenever their images are use, the owner gets paid.
The native currency of the network is CPY. It is ranked as the 1096th on coinmarketcap. The trend has been on a constant downward trend over the last year. The current value of the coin is $0.03 USD and the highest value of the coin is $0.4 USD.
Gems is an all-in-one cryptocurrency platform that manages users portfolios. It offers users options to manage users digital assets and experience the new economy. The ecosystem offers options to track the trends, historically and currently, offline storage, like offline wallets and portfolio management services.
The native coin of the Gems environment is GEM. It is ranked 667th on coinmarketcap. Apart from a peak that the coin saw in mid-April, it has gradually been falling down. The current value of GEM is $0.0019 USD and the highest value that the coin has ever held is $0.057 USD.
Rentberry is a transparent platform for homeowners and tenants. It is a marketplace that people can list their houses for rent and interact with interested users on. The marketplace has provisions for price negotiations and agreement settlements. It has automated most of the mundane processes of rental processes. The company has provisions for eSigning of contracts, agreements, etc.
The native coin of the Rentberry platform is BERRY. It is ranked 617th on coinmarketcap. The trends have seen no spikes or drastic lows in the past two months. The current value of BERRY is $0.008 USD and the highest value the coin has ever held is $0.11 USD.
FundRequest is platform that is focussed on the open source community. It is essentially working towards incentivising contributions on and toward open source software/projects. The platform also encourages developers in the environment to fix bugs and problems in the code in exchange for money. Through the platform, users can also fund the open source projects that they like.
The native coin of the platform is FND. All transactions on the network take place using the token, but can be converted to other cryptocurrencies using wallets. The coin is ranked 908th in the listings of coinmarketcap. The trend of the coin has been downward since the time it was released in the market.
The current value of FND coin is $0.018 USD and the highest value that FND has ever held is $0.26 USD.
indaHash is a company that is working on social media marketing techniques and practices. It essentially combines digital influencers and communities to deliver the best marketing campaigns on the internet making them user-friendly and advantageous to the company running the campaign.
The indaCoin or IDH is used as the native coin on the platform and all transactions on the network are remunerated using it. The coin is ranked as the 593rd coin on coinmarketcap. The current value of IDH is $0.008 USD and the highest value the coin has ever held is $0.58 USD.
HOQU is a decentralised marketing platform whose services can be availed by companies and enterprises. This platform essentially ensures that companies can communicate with their customer base without having to go through a broker and also ensures that they are paid and costed the correct price for the services provided. The platform uses smart contracts to ensure these things.
The native coin of the platform is called HQU. It is ranked as the 786th coin on coinmarketcap listing. The value of the coin, even at its all time high, has not crossed $1 USD mark. The current value of the coin is $0.009 USD and the highest value that the coin has ever held is $0.09 USD.
Read this article to know Top 4 Blockchain Conferences in 2018
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