1 – PotCoin (POT)
Launched in January of 2014, this is one of the longest-running cannabis coins. It began at 4:20 prime minister, and there are 420 million PotCoins presently in circulation. The currency started relatively slowly, however. After initially reaching the $ 1 million market cap barrier in April 2014, it fell to $ 244,000 within a month. PotCoin seemed set to be even another one of the many fail currencies. That was until the ‘ eccentric ’ Dennis Rodman was pictured wearing a PotCoin.com jersey in a union korean airport. His stunt resulted in a 76 % increase in PotCoin in a day ! As of January 2018, PotCoin ’ mho market capital was over $ 79.5 million, with each coin worth $ 0.362. In January 2017, one PotCoin was worth $ 0.018, and its market ceiling was barely under $ 4 million. The coin achieved its commemorate eminent of $ 0.43 in December 2017. Alas, it has joined the rest of digital currentness on a chute to potential obscurity. Rodman decidedly helped the mint ’ south causal agent at the time. besides, the ship’s company ’ s attempts at expansion were initially successful. By October 2017, there were over 800 blue-ribbon ATMs for PotCoin created by the company, and by the early on stages of 2018, it promised to have over 1,300. many experts believed PotCoin would reach $ 0.45 by the end of 2018 and $ 0.60 by the end of 2022. As it happened, it was worth precisely $ 0.012 by December 2018. While Bitcoin and early major digital currencies recovered, PotCoin never did. It remains stick at $ 0.0109, with a brief rebirth to $ 0.027 in April 2019 .
2 – CannabisCoin (CANN)
CannabisCoin was created precisely a few months after PotCoin. It had a alike goal : to make transactions easier for medical cannabis dispensaries. It proposed to provide a ace simple exchange ratio from cryptocurrency into actual marijuana. For specific strains of marijuana and cannabis medicines, for exercise, you could exchange CANN at a rate of 1 mint to 1 gram. When we primitively wrote this article, CANN ’ s market crown was $ 22.8 million, and one CannabisCoin was deserving $ 0.296. In January 2017, its market cap was merely over $ 175,000, and one CANN was worth $ 0.002 ! If you had the imagination to invest in CANN back then, you would have enjoyed a Gordon Gekko-esque ROI. Like other noteworthy crypto cannabis coins at the prison term, CANN benefited from California ’ s cannabis legalization. Most experts didn ’ t see it going army for the liberation of rwanda beyond $ 0.30 by the end of 2018. They projected a 2022 rate of around $ 0.37. They were wholly wrong ! CannabisCoin fell by over 90 % to good $ 0.03 in March 2018. Within 12 months, its value was merely $ 0.005. It looked doomed but has recovered ever so slenderly in the interim period. today, a CannabisCoin is worth $ 0.011, effectively the same grade at PotCoin. There are 106 million coins in circulation .
3 – Paragon Coin (PRG)
Paragon Coin was arguably the most exciting crypto cannabis coin of 2018, as unplayful star ability backed it. Tech entrepreneur and former Miss Iowa, Jessica Versteeg, founded the currentness. She then enlisted the help of knocker The Game. There were 100 million PRG coins in circulation at that time. besides, every one of the 70 million that was available initially at the ICO was snapped up immediately. The introductory price of PRG was initially set at $ 0.75. however, the currency saw an about immediate spike. Latecomers had to shell out $ 1.55 for a single coin. Versteeg expected the ICO to bring well over $ 50 million. Those who invested early credibly thought they were onto a achiever. Alas, it was a catastrophic investment. By January 2018, PRG was worth $ 0.778, with a commercialize capital of $ 50.5 million. Its crack up wasn ’ deoxythymidine monophosphate vitamin a dramatic as the first gear two on the list, but it happened however. It fell to $ 0.21 in April 2018, and by the end of that year, a PRG was deserving just $ 0.09. It has not recovered, and a single coin is immediately worth $ 0.027. The commercialize capital is a hapless $ 608,000, with 22.27 million coins in circulation.
The end of 2018 forecast for PRG was $ 1.41 ! Some experts projected it to do well over the long-run, placing a potential value of $ 4.07 by the end of 2022. It is clearly THAT won ’ thymine happen ! Paragon Coin didn ’ metric ton have a blockchain enterprise, and its price spiked due to hype alone. Its value was overinflated, and it looks destined to fail. You could say that it already has .
4 – HempCoin (THC)
Those on the inside traverse believed that HempCoin would become the # 1 crypto cannabis coin in 2018. It provided an scheme newfangled concept to the traditional canna coin system at the time. HempCoin didn ’ thymine focus on the general population, using it to buy marijuana. alternatively, it was strictly for the grow industry and medical/recreational dispensaries. The 2018 Farm Bill became police one year after we wrote this template. It seemed that HempCoin had the most significant long-run potential of all crypto coins. By January 2018, HempCoin ’ sulfur market detonator was $ 122.8 million, and each THC mint was worth $ 0.53. In January 2017, its market cap was $ 81,290, and one coin was worth $ 0.000386. Some experts projected it to reach $ 2.73 by the end of 2018 and $ 11.44 by the conclusion of 2022. You can guess what happened following ! Within three months, the price of HempCoin dropped to just $ 0.04. It briefly recovered to $ 0.10 but is now efficaciously despicable at $ 0.003. There are 253 million THC coins in circulation, though we doubt many people will buy any .
5 – CannaCoin (CCN)
CannaCoin was launched on March 28, 2014. similar to Bitcoin, it used peer-to-peer technology and ran on a decentralized blockchain platform. By January 2018, there was a go around provide of 4.7 million coins. The compose was on the wall early when the company failed to announce any advanced ideas. however, there was a suggestion that California ’ mho legalization of marijuana would help CCN more than any other coin on this list. Why ? Because a big act of dispensaries in the state already accepted and were conversant with CannaCoin. The miss of decree banking systems in seat for these stores meant CCN appeared to have a gamble. As of January 2018, CCN ’ s market detonator was fair $ 2.14 million, with each coin worth $ 0.457. In January 2017, the market cap was roughly $ 55,000, and one CCN was worth $ 0.011. Most experts didn ’ t see it going beyond $ 0.50. Hilariously, some took a more bullish view and projected it to top $ 10 in a couple of years easily. nowadays, it is basically a ‘ dead ’ currentness. By the end of 2018, it was already worthless at $ 0.00003. immediately, some charts place its value at $ 0.000001, but most exchanges don ’ thyroxine trade it anymore .
Final Thoughts on Crypto Cannabis Coins
The five coins mentioned above were massively hyped two years ago. Within months, the values of each one plummeted and have never recovered. countless investors had their fingers burned in the crypto crash of the last few years. We hope you didn ’ deoxythymidine monophosphate put your life savings into any of them ! even nowadays, some still believe in PotCoin, HempCoin, and CannabisCoin ! DopeCoin, Tokes, and Cannation are others with support. however, lone PotCoin has a marketplace ceiling of over $ 1 million. It is bad to recommend any cannabis-related digital currency at portray. One may finally arrive and win the day, but such an investment is a HUGE risk. It is your job as an investor to perform ascribable diligence on each investment you make. This is particularly the case with the crypto market, which often resembles the Wild West in terms of regulation. Our advice ? Don ’ t fall for the ballyhoo and plow money into a useless crypto cannabis coin. guarantee the mint ( s ) you choose are capable of playing a viable character in the cannabis revolution that is already visible on the horizon. then, once you invest, hold your nerve ! Crypto markets are notoriously volatile. Don ’ thymine let a spike in either focus ghost you into capricious decisions and/or unnecessary action. finally, only invest what you can afford to lose!
Read more: Dahlonega Mint – Wikipedia
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