Since we all have been very serious all year, analyzing cryptocurrencies, ICO’s, and news, perhaps it is time to chill a bit before the holidays, and review the Top 5 cryptocurrencies that were created just for a laugh.
Internet memes have already become an indispensable part of global culture, to the extent that we have a widely traded cryptocurrency that is based on a cute meme character. The coin that was introduced six years ago features an amused-looking snout of Shiba Inu, a Japanese breed of dog. The meme had surfaced in 2013 as a picture of a dog with short phrases written around it in broken English.
Right around that time, an American programmer Billy Markus came up with an idea of a comical open-source cryptocurrency that was intended to reach an audience beyond that of Bitcoin. Even though Dogecoin was initially designed as a sort of a trifling coin, it gained mass traction due to its efficient technology for P2P transactions. Right now, it is ranked 30th on Coinmarketcap with the market capitalization of $250 million.
Monacoin is another cryptocurrency that has a Japanese vibe, as it is based on a cat-like character that enjoys significant popularity in this Asian country. It first appeared around the year 2000 on 2channel, an anonymous Japanese text and meme board that bears some similarity to Reddit.
The eponymous cryptocurrency appeared 13 years later. It was created by a developer who calls himself Mr. Watanabe, who, similarly to Satoshi Nakamoto, conceals his true identity from the public. The coin itself came as a fork from Litecoin that operates on the basis of the algorithm called Lyra2RE. Despite being a joke coin, Monacoin received approval from the Financial Services Agency (FSA) of Japan and is now being traded on several platforms, predominantly in Japan. MONA is currently ranked 72nd with a market cap of $50 million.
If your humor preference lies not in the field of cute and cheeky memes but black satire, which borders on blasphemy, then you will surely appreciate Jesus Coin. This controversial yet hilarious cryptocurrency was concocted by a group of buddy programmers who, apparently, wanted to troll the crypto community.
They claimed to have created the currency of God’s offspring that provide better access to the decentralized Jesus. Being clearly designed as a hoax, Jesus Coin, nevertheless, went through an ICO and even attracted some investment. However, there has been no activity in connection to this coin lately, which means that the joke just ran its course.
They called it the most straightforward ICO of all time. The creator of Useless Ethereum Token didn’t even try to conceal his intention when he announced the ICO. The token had no tech or solution behind it - the developer just openly admitted that he is raising money to buy a flat-screen TV. Amazingly enough, the project had found its investors who contributed nearly $40 thousand.
Garlicoin is another nonsensical cryptocurrency that was created by one of Reddit regulars. The guy had just casually written in one of his posts that if it gets 30 thousand upvotes, he will come up with a new cryptocurrency. Needless to say, that the followers had eagerly responded to that challenge, which gave birth to a fork of Litecoin that was dubbed Garlicoin. It is intended for the Reddit community with its memes and trolling. Nevertheless, the coin is even ranked 1649th and has a market capitalization of $34.5 thousand.
Author: Alex Paulson for Crypto-Rating.com
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