Cryptocurrency has hit a new low today as Useless Ethereum (available on Coinbase) Token (UET) is by far the fastest-growing coin on the market; probably the most ironic thing ever to happen in the world of digital currency.

The coin, which is clearly advertised as useless, of no value, and only there to earn its creator enough money to buy a new flat-screen television, is currently topping Coinmarketcap’s biggest gainers list. UET is currently trading at $0.14 USD, up 183.59% in 24 hrs. If you think this is sad, it gets worse. Useless Ethereum (available on Coinbase)’s ICO raised over $300,000 – ‘Enough to buy 300 televisions!’

Coinmarketcap.com

Joke coins, which don’t set out to take themselves seriously, have been seen before. They offer no real-world value, are linked to no industry, have no whitepaper, and usually look funny. And yet Dogecoin (Doge), a perfect example of what I just described, has a market cap of $795 million USD.