What Are the Top 4 Marijuana Cryptocurrencies?

1. HempCoin (THC)

HempCoin is easily one of the most interesting cannabis cryptocurrencies you can find, not to mention one of the most valuable. The digital coin emerged in 2014 and now has a market cap of $1,250,602 – much higher than other cannabis-related crypto coins. A single coin ($THC) is currently worth $0.0048, but it has much potential.

While many marijuana cryptocurrencies were introduced to help with the payment of cannabis products, HempCoin stands out as it was made with cannabis cultivators in mind. The HempCoin website states that “Our goal is to help facilitate secure transactional relationships between farmers, distributors, & consumers.”

HempCoin doesn’t focus purely on the cannabis industry, either. Although it’s utilized by marijuana and hemp cultivation companies, it’s also used across all areas of agriculture. This makes it arguably the best cannabis coin for your cryptocurrency profile as it doesn’t focus purely on the marijuana industry.

2. PotCoin (POT)

PotCoin was launched in January 2014 – one of the very first cannabis-related cryptocurrencies to hit the market. The intention behind Potcoin was to help solve transactional issues for legal cannabis companies and consumers. It’s now become one of the most interesting cannabis coins to invest in.

The coin has an interesting history. It was initially aimed at the legal marijuana market in Colorado, and a PotCoin ATM was even installed at a Colorado dispensary. However, it didn’t become prominent until Dennis Rodman was spotted in a PotCoin.com shirt, causing it to swell in value in August 2021.

It currently has a market cap of $751,204, with coins valued at $0.00364 per POT. Although this is significantly lower than its all-time high of $0.51 per POT, this is to be expected due to the recent crypto crash. As the market improves, POT could potentially reach former highs, especially as the legal cannabis industry continues to thrive.

PotCoin also benefits from regular upgrades, such as the introduction of upgraded wallets and a generous rewards program in 2021.

3. CannabisCoin (CANN)

CannabisCoin is another weed-related cryptocurrency that was introduced in 2014, just a few months after PotCoin. It was also aimed at improving transactions for medical marijuana dispensaries and customers. It initially struggled against the competition, but it’s currently the highest-priced cannabis crypto coin at $0.0056 per CANN.

It’s a peer-to-peer currency that enables payments anywhere in the world, and CannabisCoin holders can download a digital wallet from the CannabisCoin website to hold their coins. CannabisCoin is based on the Bitcoin protocol, although it’s also easier to mine for crypto collectors with average computers.

Compared to other cannabis cryptocurrencies, it’s hard to say whether CannabisCoin is the best investment. Updates have become infrequent and it’s difficult to predict the future of this digital coin. However, crypto investors who are interested in the marijuana industry may still want to add CANN to their portfolio.

4. DopeCoin (DOPE)

DopeCoin is another one of the top marijuana cryptocurrencies, although it’s largely gone under the radar compared to others. The digital coin was founded in 2014 to provide a modern and secure way for marijuana lovers to handle business. Users can perform transactions within seconds with 0 fees or transaction costs.

It currently has a value of $0.00115 per coin and a market cap of $133,916. Despite being lower than other marijuana cryptocurrencies, it may still make for a valuable investment. DopeCoin is finite with around 117 million in circulation, and it’s also a proof-of-stake currency which means investors can gain 5% in annual interest.

More information on DopeCoin is provided via the DopeCoin website. Investors can exchange BTC or ETH for DopeCoin via cryptocurrency exchanges and transfer it to a digital wallet. If you’re an avid marijuana crypto investor and don’t mind taking a risk, this is an interesting coin to add to your portfolio.

Other Cannabis Cryptocurrencies To Consider

While these are the top 4 cannabis cryptocurrencies right now, there are others you might want to consider. Other marijuana cryptocurrencies include Cannation (CNNC), Tokes (TKS), and GreenMed (GRMD). It’s also likely that other weed cryptocurrencies will emerge in the future as the marijuana industry is growing fast.

You might also want to consider some mainstream cryptocurrencies. Bitcoin and Ethereum have become the safest investments for crypto investors – especially as they’ve been adopted by businesses in various industries. Some dispensaries have even experimented with accepting these coins, along with other cryptocurrencies such as LiteCoin.

Remember that, no matter which coins you choose, investing in cryptocurrency is always a risk. It’s best to diversify your portfolio with multiple coins and cash out at the right time. Although the market is currently facing a huge downturn, many coins have the potential to rise in value over the next few years. Do your research and invest wisely.

Conclusion

Whether you’re a keen crypto investor or simply want to find new ways to support the marijuana industry, these are 4 of the best marijuana cryptocurrencies to invest in. Each coin has pros and cons and investors may want to buy multiple to diversify their portfolio. However, keep in mind that investing in cryptocurrency always has risks.

It’s also worth learning as much as you can about the marijuana industry. Whether you’re a consumer, entrepreneur, or marijuana business operator, you can find various guides, resources, and even custom-made cannabis products at Cannabis Promotions.