Random Coin of the Week - A new beginning

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A totally random image to illustrate the post


Revisiting my past here at Steem (looking for some old articles that I wrote), I ended up remembering a project that I did that was very interesting and fun (at least for me).

Once a week, I chose at random (by rolling a number on the random.org website) a currency listed in Coinmarketcap, and did a research on it and wrote my impressions about it.

Since I am back to write around here, I decided to restart this project, and every Wednesday I will talk about a different crypto, chosen using the same method: There are 5093 cryptocurrencies listed in Coinmarketcap, then I will choose one of them corresponds to a number drawn between 1-5093 through https://www.random.org/.

It is interesting to note that when I started writing these articles there were "only" 1575 cryptocurrencies listed in Coinmarketcap, that is, 3518 new projects emerged in less than 2 years!

But before choosing a new currency to write about, I would like to revisit the ones I already wrote about, even to quench curiosity if any of the projects are still alive, and what my theoretical result would have been if I had bought any of them.


#1 - DADI - Published on 04/22/2018

DADI, (now rebranded as Edge) was a very interesting project to discover. The main idea was to be a decentralized cloud computing platform, called fog computing, as the goal is for the processing points to be as close as possible to the point of need.

Dead or alive?

As far as I could see the project is still alive, with weekly updates on the project website

Market cap evolution

Position on date of publication: 393
Current position: 678
Change of position: -285

Capitalization on the date of publication: $ 15,051,860
Current capitalization: $ 2,236,001
Change: -85.14%

Price evolution

Price on date: $ 0.2935
Price today: $ 0.0315
Result: -89.26%

edgecharts.png

Is it worth to watch?

Yes, because the project is still alive, and it has a very interesting concept.

#2 - Spankchain (SPANK) - Published on 04/29/2018

One of the oldest truths in the world is: Sex sells.

The pornography industry generates billions of dollars, so it's not surprising to see that companies in this sector would be interested in entering the new blockchain market.

SPANK is an Ethereum token, idealized to carry out transactions related to the pornographic market, specially tips for Camgirls.

Dead or alive?

Very alive and active. The project blog has very recent updates, including plans for 2020

Market cap evolution

Position on date of publication: 200
Current position: 916
Change of position: -716

Capitalization on the date of publication: $ 55,275,493
Current capitalization: $ 911,315
Change: -98.35%

Price evolution

Price on date: $ 0.1796
Price today: $ 0.0032
Result: -98.21%

spankchaincharts.png

Is it worth to watch?

Despite the very expressive drop in price, it is interesting to keep an eye on this project, as it is still alive and being updated, and it is a market that certainly has a demand.

#3 - Swisscoin (SIC) - Published on 05/08/2018


Scam Alert!

This was the first coin drawn that clearly presented itself as a "scamcoin".

Generic website, little information, unknown team, anyway. All possible warnings were in the face that this was a project with the sole objective of scamming to unwary.

Dead or alive?

Dead and buried. The most recent update on the website was in August 2018, and the last movement record in the block explorer occurred 153 days ago.

Market cap evolution

Not even worth looking at.

Price evolution

Price on date: $ 0.0005
Price today: $ 0.0000
Result: -100%

Is it worth to watch?

No. Forget that it ever existed.

#4 BABB (BAX) - Published on 05/15/2018

Another project with a very interesting concept, of being a digital bank running on a blockchain. A well-structured project, which among the innovative concepts was the possibility of making loans directly to people close to your region.

Dead or alive?

Apparently, very much alive. An twitter announcement is promising the launch of the platform's beta next February 12th.

Market cap evolution

Position on date of publication: 253
Current position: 345
Change: -92

Capitalization on the date of publication: $ 47,305,332
Current capitalization: $ 8,083,292
Change: -82.91%

Price evolution

Price on date: $ 0.0020
Price today: $ 0.0002
Result: -90.00%

babbcharts.png

Is it worth to watch?

With a platform launch date set for this month, it is worth keeping an eye on what will happen after this launch.

#5 Wavego (WGO) - Published 06/06/2018

Nothing very interesting here. WavesGo was nothing more than a token distributed to anyone who delegated Waves to WavesGo. At least it introduced me to the Waves blockchain, which is one that I find very interesting, mainly because of its decentralized exchange platform.

Dead or alive?

It looks pretty dead. The project's website does not appear to have much activity.

Market cap evolution

Position on date of publication: 1110
Current position: 1522

Change: -422

Capitalization on the date of publication: $ 419,432
Current capitalization: $ 80,968
Change: -80.90%

Price evolution

Price on date: $ 0.0461
Price today: $ 0.0111
Result: -75.92%

wavesgocharts.png

Is it worth to watch?

No, unless you have a fetish for useless coins.

#6 Bigbom (BBO) - Published 11/06/2018

Ahh the promise to decentralize everything. Bigbom presented a proposal to decentralize the management of the publication of advertisements companies through smart contracts on the Ethereum network.

Dead or alive?

Hard to say, but I would say more dead than alive. There are still some transactions taking place in the contract of the token, but apparently all related to exchanges.

The situation of the site also does not help much, because when trying to register, you have the option of using Google+, Google's social network that has disappeared for some time.

Market cap evolution

Position on date of publication: 1400
Current position: 1263
Change: +137

Capitalization on the date of publication: $?
Current capitalization: $ 246,784
Change: ?

Price evolution

Price on date: $ 0.0191
Price today: $ 0.0007
Result: -96.33%

bigbomcharts.png

Is it worth to watch?

I would say no, because although the contract is still active, the project seems abandoned.

#7 Vertoin (VTC) - Published 08/01/2018

ASICS-resistant bitcoin (specialized bitcoin mining machines). There is not much to talk about beyond that. Vertcoin has the same structure as Bitcoin, but the algorithm allows it to still be mined through GPUs

Dead or alive?

It is an Open-Source project, with a small but active community.

Market cap evolution

Position on date of publication: 165
Current position: 145
Change: +20

Capitalization on the date of publication: $ 55,484,000
Current capitalization: $ 21,857,717
Change: -60.60%

Price evolution

Price on date: $ 1.24
Price today: $ 0.41
Result: -66.93%

vertcoincharts.png

Is it worth to watch?

I find it very difficult for Vertcoin to take the place of Bitcoin, but if you are thinking of starting mining, perhaps Vertcoin is a good currency to start with.

#8 - CargoX (CXO) - Published on 08/07/2018

Maritime transport. Imagine the work that exists in issuing the registration document and sending the more than 171 thousand transport boats that exist circulating daily around our planet?

The CargoX project's plan was exactly to use blockchain to facilitate and reduce costs related to the issuance and sending of this documentation.

Dead or alive?

In full swing and development, with a platform of use already available, and even winning some awards in 2018 and 2019.

Market cap evolution

Position on date of publication: 573
Current position: 904
Change: -331

Capitalization on the date of publication: $ 4,711,706
Current capitalization: $ 901,003
Change: -80.87 $

Price evolution

Price on date: $ 0.0365
Price today: $ 0.0062
Result: -83.01%

cargoxcharts.png

Is it worth to watch?

The logistics area has always been seen as an area that would benefit greatly from blockchain technology, and this project is still in full development. It is worth keeping an eye on it.

#9 Experience Points (XP) - Published 08/15/2018

If you like to play games, why not get something for the time you are playing? This is the proposal of this project.

Dead or alive?

The blockchain is alive and well, and although the project page does not have a lot of updates, the Project Discord channel has 12,000 users.

Market cap evolution

Position on date of publication: 498
Current position: 1977
Change: -1479

Capitalization on the date of publication: $ 6,148,978
Current capitalization: $ 1773.75
Change: -99.97%

Price evolution

Price on date: $ 0.000026
Price today: $ 0.000002
Result: -92.30%

experiencepointscharts.png

Is it worth to watch?

It doesn't seem to look like much of a future, but think of it as a game-related DOGE.

#10 Paypie (PPP) - Published 08/21/2018

By integrating your company accounting with the Paypie platform, you would receive an analysis of the financial situation and a risk assessment in return. It would also be possible to make loans between connected companies, with the transparency of the risk assessment provided by them.

Dead or alive?

It seems to be active. Twitter has recent updates. Further investigation would be needed to ascertain the status of the project.

Market cap evolution

Position on date of publication: 285
Current position: 472
Change: -187

Capitalization on the date of publication: $ 11,752,618
Current capitalization: $ 4,643,487
Change: -60.49%

Price evolution

Price on date: $ 0.1424
Price today: $ 0.0562
Result: -60.53%

paypiecharts.png

Is it worth to watch?

Hard to say. Despite active twitter, further research is needed. But the price held on in 2 years ...

#11 TeslaCoilCoin (TESLA)

Useless and dead project. Let's move on.

# 12 XMAX (XMX) - Published 04/09/2018

Here we have at an interesting turn... What was supposed to be a project to facilitate the development of dapps became a BTC mining service in the cloud ...

Dead or alive?

Dead. At least the original project. Now their goal of the project is to have 5% of the Bitcoin network hashrate

Market cap evolution

Position on date of publication: 499
Current position: 143

Capitalization on the date of publication: $ 5,212,269
Current capitalization: $ 22,442,072
Change: + 330%

Price evolution

Price on date: $ 0.0007
Price today: $ 0.0012
Result: + 71.42%

xmaxcharts.png

Is it worth to watch?

Despite the turn around (perhaps even due to it) of the objective of the project, this seems to be the only one of the coins that it has valued in the last 2 years. So, it deserves further research on how this project is today.

Conclusion

It was an interesting experiment, and I will return to do it. Even more interesting was to see how these projects evolved in this downward market.

I will restart this project, for fun and curiosity, and I will add some information in addition to what I had already put on the projects listed above.

This time, in addition to the analysis of what the project is, whenever any of them is interesting and with an apparent growth potential, I will add a technical analysis of the price on Thursday, even to help me evolve this knowledge that I have been developing and studying over the last 4 years.

If you found the idea interesting, just follow me and wait for Wednesday!

And finally, the coin drawn up that I will talk about next is: 1664

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