Bitcoin Forum

Has anyone noticed that Useless Ethereum Token which raised $61,000 during it's joke ICO (uetoken.com (http://uetoken.com)) now has a market-cap of $145,000. The market cap has already hit a high of $181,000.  

Current market-cap here:
https://coinmarketcap.com/assets/useless-ethereum-token/
 (https://coinmarketcap.com/assets/useless-ethereum-token/)

Historical data here:  https://coinmarketcap.com/assets/useless-ethereum-token/historical-data/ (https://coinmarketcap.com/assets/useless-ethereum-token/historical-data/)

Does anyone know why this would attract buyers if it's useless?  

Because of the joke, like Dogecoin

People in crypto like these silly jokes. Similar to Bitcoin sign guy getting 10s of thousands of $ in BTC

was it a token named "Useless Ethereum Token"??  or it was the token which include all of useless tokens??

It's a joke. It is after all useless and will not be going anywhere :)

145K is at least somewhere.. ::)

Few years ago a guy did a crowdfunding to raise $50K to not(!) eat his rabbit...
He should have used the Useless Token instead ;)

I want to disagree. The ICO will never make use of Ethereum if it's no use. ETH has a value, not as big as bitcoin but it's getting there. Therefore, to say it's useless isn't fair at all.

You are basing on something else I might not be interested in. I am looking into the current price of ETH and it is saying it is performing well, very well. On whatever is the price grounded, I do not care anymore. ETH at $262 is good enough for me. I am looking at it like this.

It may be a joke, but people have given it value. Id like to think I live in a world where uselessness is not rewarded but I guess if its funny then its not completely useless.

If people use it, it is actually somehow useful, it allows people to exchange value or trade and this market cap is very low, 42 bitcoin is nothing for a market cap.

When you get to see things like this, then you should be worried and trace it because its a way to lure innocent victims into the game. I see that as a bubble waiting to burst and the market cap you see there, is most likely as a result of manipulation probably by the developers or one money bag who is ready to dump immediately it can take care of the amount of units he has.

Some people enjoy creativity. And some even reward it. I never knew about this project until I learnt it from Bitcointalk. I think after that WAVES Useless Token ICO also launched. It was as if a lesson was being taught to people. Market ICO well and it sells. That is all that matters.

He's not calling Ethereum a useless token, there an actual coin called Useless Ethereum Token LOL.

There were just under 4-million tokens issued of "Useless Ethereum Token" during ICO their website and coinmarketcap has listed.   The volume on the exchange is pretty low: https://hitbtc.com/exchange/UET-to-ETH
 (https://hitbtc.com/exchange/UET-to-ETH) 

The token is priced under 4 cents per token right now. Does anyone know what they think this could get up to? What would it take to turn this into the Doge of Etheruem?  Would it just take people buying it or would it actually have to be useful?   

Can anyone also explain what they think the difference is between Useless Ethereum Token and any other ICO in the long run?

How about a working project that can impact our world.

Who needs it, when you can create something unnecessary but on the block, but with high hopes, promises. This is the trend of crypto currency :)
Useless Ethereum Token is at least honest, but it will not become a new Dogecoin. Only if they are not going to do their own blockchain.

Many People like funny names in business. The name useless Ethereum Token is actually funny but does the token meets  with the requirement of a good token. Anyway with the recent increase market cap it is showing signs of growth potential.

$ 0.054364 USD (31.68%)
0.00000412 BTC (47.60%)
0.00004900 ETH (52.61%)
How big this coin will increase,According to research by CoinDesk trade publications. That does not take into account the monster increased for a while, such as the EOS offer, which attracted more than $ 200 million in ether in about two weeks,

i dont know why coin like this is still survive in the market. maybe its for money laundry or short of it. there is a lot coin like this that not survive for long . be carefull for sure to buy this kond of coin.

In crypto, we can't deny the fact that if we are getting profit from a particular coin or token, there still a chance that it will survive much longer than expected. Less investment, more profit, thats it.

I wonder @cryptoguru274.. Funny name indeed.. Useless

as more investors to gives of notice on returns as managing with possession of technical analytic system on running with examination, more users/investors might gains with appreciation to put of investment with the projects.