The Weirdest Alternatives in Cryptocurrencies

Adinah Brown

Cryptocurrency: the newest kid on the block with an almost unicorn-like aura surrounding it

Because of its anonymous nature and security features that make it difficult to counterfeit, as well as its immunity from government manipulation given its decentralization, cryptocurrencies have catapulted to the top of the list of currencies enabling money laundering, tax evasion and quick-buck-making.

Back in 2009, Bitcoin captured the public’s charm, becoming the first cryptocurrency to make it to the hall of fame, with more than 14.6 million Bitcoins -valued at $3.4 billion- being circulated as of September 2015.  The outstanding success of Bitcoin served as a launch-pad for a number of competing cryptocurrencies, some more famous than others. Amongst the weirdest ones of all however, are the following five:

Mooncoin

With a current market value nearing $21 million, Mooncoin lets investors monetize their likes by earning mooncoins when other investors like them as well. Forget doing research on companies and analyzing markets, like your way to financial freedom.

UNO

Unobtanium is this alt-coin’s full name, which is a term that merges fictional engineering with scientific thought, resulting in a rare and costly material. Only 250,000 UNO coins are to be mined over the course of 300 years, and only four exchanges deal with UNO. The small but loyal community trading UNO refers to it in terms of kilograms and mine it alongside Bitcoin.

SPUDS

Even for weird cryptocurrencies, the potato coin stands out amongst the rest. Not just for its weird name, but for the ambitious idea behind it which is to improve the conditions of African farmers and reduce their dependency on their nation’s fiat currency. The potato coin’s logo is adorned by a latin inscription that reads “potato is light, potato is life, potato is love.”

Doge

Originally issued as a joke currency in 2013 following a Shiba Inu meme with poor English, the Dogecoin has been making waves as a coin star ever since. With a $280 million market cap, the coin is no longer a joke, having sponsored NASDAQ race cars, a water well in Africa and an Olympic Jamaican bobsled team.

Coineye (West)

Seems as though this coin is as high on its ego as the celebrity it’s named after.  Even after a cease-and-desist letter filed by Kanye West’s legal team, the coin decided to make a splash and was launched in 2014, though it dropped the West from its name. After a Hollywood-worthy release, West (the original) sued the alt-coin into ruin. Much like a child star, the coin still has its occasional appearance in some exchanges under the name “Coye/Koi”.

  • Read this next

    Industry News

    ‘WTF’ as in ‘What The Fraud?’, Sumsub’s new podcast on digital fraud

    “We found a lack of informative podcasts talking about digital fraud threats and prevention for business owners. So, we decided to dive in and share our expertise along with industry top minds in the ‘What The Fraud?’ podcast.”

    Digital Assets

    Coin Metrics integrates market data from Cboe Digital

    “We are pleased to work with Coin Metrics and believe that having quality and timely data, and systems to analyze that data, will help crypto markets mature as well as evolve to become a core component of a diversified investment portfolio. We are focused on providing access and solutions to the spot and derivatives crypto market in a way which mirrors an investor’s experience with traditional markets.”

    Fintech

    AU10TIX launches KYB solution to address regulatory requirements

    “Our customers have been requesting a comprehensive KYB solution, because money laundering and fraud have become far too prevalent in the corporate world. Our unified KYB/KYC solution is essential for identifying bad actors and maintaining a safe business environment in 2024.”

    Digital Assets

    Japan Is Rapidly Emerging As A Global Leader In Compliant Crypto Payments

    Japan is often hailed as one of the most forward-thinking nations in the crypto industry, with its government taking a very positive stance on the potential of concepts such as Web3. 

    Digital Assets

    Kraken launches institutional arm

    “If you already work with Kraken, you know how much we care about offering high quality products and a client-first experience. We’ve been the leading crypto exchange for more than a decade and through Kraken Institutional, we’ll offer the same deep expertise and cutting-edge technology to propel trading excellence for institutions.”

    Fintech

    Centroid integrates with brokerage solutions provider GTN

    “We are thrilled to integrate GTN into Centroid Bridge, our multi-asset connectivity bridging engine. This integration allows our clients to gain access to the wide range of multi-asset products offered by GTN.”

    Podcasts, Women of the Industry

    FF Podcast delves into the rise of prop trading as Brokeree releases Prop Pulse

    In the latest FinanceFeeds Podcast, Tatiana Pilipenko discusses Prop Pulse, Brokeree Solutions’ platform for prop firms and retail brokers aiming to delve into prop trading. Offering a flat fee structure, Prop Pulse emerges as a scalable solution in an era where successful traders increasingly prefer prop firms over traditional retail brokers.

    Inside View

    Scalping or day trading?

    Among the many popular trading styles with both beginners and experienced traders are scalping, which allows you to extract small portions of profit from each price movement, and day trading, which aims to trade over a single day. In this article, you will learn what scalping and day trading are and their differences and peculiarities. Ultimately, you will learn what to look for to understand which trading style is right for you.

    Crypto Insider

    Unveiling Plasma Next: INTMAX’s Solution to Scale Ethereum with Stateless Layer

     INTMAX has launched Plasma Next on the mainnet α, a groundbreaking Layer 2 zkRollup, revealed by co-founder Leona Hioki at ETH Denver. This innovation offers scalability with constant costs per block, merging Plasma’s scalability goals with zkRollups’ security.

    <