420 Day in Crypto: Remembering the Class of Altcoins That Went Up in Smoke

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During the crypto hype cycle and asset bubble that formed in late 2017, everyone jumped on the cryptocurrency bandwagon and scrambled to launch altcoins designed to power a specific industry or category. To celebrate the current 420-day holiday taking place across the globe, we’re looking back at a small subset of altcoins that went completely up in smoke when the bubble eventually popped. Remember The Unnecessary Altcoins Launched During Irrational Exuberance? There’s an altcoin token out there for just about everything imaginable. There’s a TrumpCoin and a PutinCoin – even a Putin Classic. There was a Diet Bitcoin, launched by Pablo Escobar’s brother. Everyone has heard of DogeCoin, and there’s even a token straight-up called Useless Ethereum Token, complete with full disclosure that the coins are “completely useless tokens.” The token sale sold out completely. For a short duration during peak crypto hype bubble, more altcoins were created with more…

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