The strange creatures of the altcoin abyss

Many observers tend to forget the vast number of alternative cryptocurrencies, commonly referred to as ‘altcoins’ (approximately 700 active coins at the time of writing). Some altcoins, such as Ripple, Litecoin, Dash and NEM, have achieved a market capitalisation between $300,000,000 and $1,250,000,000. However, those are success stories, the rest being small caps and sometimes leaning towards the truly bizarre. Let’s explore some of these odd creatures … you have been warned.

Pepe Cash (PEPECASH)

Rare Pepes are cards depicting the infamous frog, traded as XCP assets over the bitcoin blockchain. Since the inception of the Rare Pepe series last year, the community has grown.

There is a Rare Pepe Wallet, where people can collect the series. The cards are voted on by the Rare Pepe foundation and artwork has to follow certain aesthetics. The wallet is a browser client that can hold the entire series of Pepes.

Coinye (COYE)

The original developers, David P McEnery Jr and his team, wanted to use Coinye as a way to make cryptocurrencies more accessible to the general public. Coinye was originally slated for release on 11 January 2014, but legal pressure prompted McEnery and his associates to stop working towards that venture. A few community members have tried to revive the coin, but not much has been heard from them since 2015.

Sexcoin (SXC)

Dogecoin (DOGE)

What started as a joke (I don’t have to explain this one) led to a market capitalisation of $61,073,336 at the time of writing, and a very active and loyal community. On 25 March 2014, the Dogecoin community raised 67.8 million Dogecoins in an effort to sponsor Nascar driver Josh Wise (you read that right).

MazaCoin (MZC)

Harris hopes that the currency will cause the world to “realise we’re serious about our sovereignty“, as well as help alleviate poverty within the nation. At the time of writing, the coin has generated a modest $282,494 market cap.

Honourable mention: Nyancoin (coin using the likeness of the 8-bit space cat), Norris Coin (Chuck Norris … you do not mess with him), RonPaulCoin (a tribute to former politician Ron Paul).

This article was originally published on BankNXT.

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