Crypto world has gone crazy. We can agree that it wasn’t a very sensible one to start with. The recent drop of almost all coins’ prices is mostly connected with the Goldman Sachs’ decision not to trade with crypto.
If this doesn’t tell us that it is a very sensitive and extremely volatile environment we don’t know what can.
It doesn’t stop there actually. While the market is going down with double-digit percentages, there are a couple of coins doing the opposite. You might have heard about them from very close and reliable resources like the son of your neighbor for example. These coins are rising in price and one of them even doesn’t have a website.
Yup, crazy.
Let’s have a look at the top-3 cryptocurrencies, which made that neighbor’s son rich in a week.
BitcoinDark (BTCD)
A bitcoin clone with a trust invoking name, isn’t it? First warning: there is no website, no maintenance and no roadmap regarding this coin anymore.
More than 80% of the coin has been absorbed by the Komodo project.
What is the Komodo project you ask? BitcoinDark developers moved to KMD and it was possible to swap your BTCD to KMD till January 2018. Now, even developers are saying that BTCD chain is no longer usable nor reliable.
So, you better stay out of it? No?
Well, BTCD soared so high, it really could bring fortune to that kid your neighbor is talking about. A week ago BTCD price was around $15. It rocketed to $100 in a couple of days and now resting around $50. That’s over 118% performance.
Of course, this is an abandoned project and feels like a ghost ship over there. Without any real future, this coin is just a speculative one. Also don’t forget that it’s been traded only in two markets: Poloniex and Trade By Trade.
Coinmarketcap shows BTCD price at $46,47, market cap at $59,893,131 and 24-hour trading volume at $59,704 at the time of writing this article.
Lympo Token (LYM)
Lympo Token is the underdog when it comes to health-related ICO projects.
It is the token which made Tennis star Caroline Wozniacki its global ambassador to Former Estonian Prime Minister Taavi Roivas as a consultant in the crypto startup.
There are other “healthy” tokens out there. Lympo depends on its three foundations which are user rewards, fitness data marketplace, and a crowdfunding platform.
Ok, it doesn’t have Dwayne “The Rock” Johnson as an ambassador but Lympo is not limping either. Last week, it turned out to be second most profitable token by a performance of 54,8%. Coinmarketcap shows its price at $0.019931, market cap at $15,014,997 and 24-hour trading volume at $4,125,921.
Lympo plans to launch the full two-sided marketplace for fitness data by 2020.
Melon (MLN)
Hang on tight; Melon was found by Mona Lisa, correction, Mona El Isa.
Moving on.
What distinguishes this token from the fruit you all know? Let’s take a look at Melon’s Medium article for this: “...a system of tools that enables participants to set up, manage and invest in digital assets and have management strategies that exist within a customizable, predefined ruleset. The system itself is decentralized, and minimizes the requirement for trust.”
It did not minimise our requirement for trust after we checked the Reddit thread where a user got banned after mentioning that the developers still didn’t decide what to do with the token and it is destined to be a “useless utility token” as well as finding out that “The token will only be usable once the protocol is fully ready (Feb 2019)” which is not visible in the Road Map of the token on their website.
Trusting or not, Melon token showed an over 53% performance last week. On Coinmarketcap its price is around $12, market cap at $7,243,797 and 24-hour trading volume at $517,257.