Cryptocurrencies of Early 2010: Update as of Now
The news is all about Bitcoin these days. Bitcoin is undoubtedly the new burning topic. The reason is, Bitcoin recorded an increase of several hundred dollars in its value in the year 2014 and became highly rewarding for the investors. Not only Bitcoin, but there also came many cryptocurrencies. Some cryptocurrencies were able to garner interesting background which ignited the interest of many including the media. In fact, there were currencies that were especially in the market for the porn industry, some were for pop and rock music lovers, while some were into a serious business that later made huge profits like Bitcoin.
Let us talk about some of the cryptocurrencies here and find out how they are doing now:
Coinye West: As we told you that there were currencies that were specifically for an industry, Coinye West was one of them. This currency was for the hip-hop industry. It had a short life of seven months in the year 2014. It was only after when Kanye West sued the developers, and he got the copyright infringement lawsuit when the Coinye West phased out. Though the developers did not let it go so easily as they kept trying to keep this coin on the market, sadly they couldn’t find any investors till 2017.
Price when it was launched: $1,000 per coin (as per their developers).
Current Price: Not Applicable as the coin is obsolete now
Dogecoin: This currency came in December 2013. Dogecoin is not so popular even when it is often traded at a volume of $46 million. What followed next was the Dogecoindark, which can be better called as the byproduct of Dogecoin in 2014. It was revamped and called as Verge currency only last year. As of now, the Verge currency carries more value as compared to the Dogecoin.
Price as on Feb’ 2014: one Dogecoin was worth $0.0018.
Current Price: one Dogecoin is worth $0.008338.
Etherium: Etherium holds the second highest market capitalization after Bitcoin. This one is based on the blockchain which was curated by the programmer named Vitalik Buterin. Post its success, other blockchain technology projects followed like Cryptokitties and digital rubles. Some investors want to keep Etherium active as they feel that since it is based on the blockchain tech, it may find its usage in forming alternatives to the tech companies.
Price when it was launched: $2.645.
Current Price: $762.72.
Litecoin: Litecoin was one of the first coins, but its value still lags behind the currencies like Bitcoin and Ethereum. It was launched way back in the year 2011 by former Google and Coinbase employee named as Charlie Lee. Though it was based on a different algorithm, it followed Bitcoin so much that the founder had made his Twitter handle @SatoshiLite, which carries a reference to the founder of the Bitcoin, Satoshi Nakamoto. This currency was in the news lately when its founder Lee divested his stake in the coin.
Price when it was launched: $3.376.
Current Price: $249.94.