1.Einsteinium
Einsteinium (emc2), also known as Einstein Dollar, is a cryptocurrency issued by the Einsteinium Foundation in 2014. The purpose is to use token income to support community choices. Cutting-edge research projects. EMC2 will automatically take out 2% from each "digging" block to the Foundation for future funding of scientific research projects.
Why is einsteinium a "demon coin"? Let us first look at the price of Einsteinium today. The current price of Einsteinium is $0.258408, which is 12.00% lower than yesterday. You may think this is not a big drop in the cryptocurrency market, so let's take a look at the Einsteinium chart with its price changes since its release. The chart show that from Apr 2014 on, the price kept stable. From May 2017, the price fluctuated and on Dec 20, 2017, Einsteinium’s price to USD achieved the highest at 2.83 USD. Nearly 300% of the increase occurred within a week. After this that, the price can be said to fall directly.
2.Cobinhood
COBINHOOD (the token is cob) is a next-generation cryptocurrency service platform with a transaction fee of 0%. The goal is to shape the future economy by creating an encrypted financial center for the blockchain era. COBINHOOD is a place for dreamers and doers. They are looking for top talent globally. And it is the leading force that brings today’s economy to the future.
Let's take a look at the chart below to see how cobinhood was divided into the "demon coin" ranks and what price trends it has experienced. The price of COBINHOOD to USD was originally quite steady, just like Einsteinium . In Jan 2018, the price started to rocket and reached the historical high at 2.84 USD on Jan 09, 2017. Nearly 450% increase in one week. And after that, it saw a considerable decline while varying.
3.Shift
shift is an accessible, open source blockchain application platform. Enterprise can unilaterally close data with their independent authors. Shift and phantom allow this kind of disaster to be avoided: user’s content is stored in a decentralized manner, ensuring that authors always maintain access. This is the mission of shift and phantom: to expand and replace classical host and dns providers.
However, shift coin has unfortunately been included in the "demon coin" ranks, because of the price fluctuations from December 2017 to 2018. Let's take a look at the chart to see how shift is on the road to "demon coin." The price of Shift to USD was originally quite steady. In Apr 2017, the price started to go up and fluctuate. It later experienced a significant rise and peaked at 12.50 USD on Dec 30, 2017. Within the week there was a nearly 260% increase. And after that, it saw a considerable decline while greatly varying.
4.HempCoin
hempcoin, one of the top 30 currencies developed in 2014, is a highly centralized digital currency for the bitcoin-derived agricultural/agricultural and cannabis/marijuana industries whose use includes cannabis pharmacies and entire agricultural/agricultural trade businesses.
HempCoin has experienced a relatively large price range since July 2017 and is therefore also listed as a “demon coin”. Let's take a look at HempCoin's overall price trend since its release. The price of HempCoin (thc) to USD was originally quite steady. In Apr 2017, the price started to rocket and peaked at 0.743657 USD on Jan 11, 2018. And after that, it saw a considerable decline while greatly varying. Within a week, there was a decline of nearly 300%.
The above are the four kinds of “demon coins” that I’m going to introduce today that are skyrocketing and plunging. In the face of these “demon coins”, investors must be careful.