What is Useless Coin
The name Useless Coin can be translated literally as a “useless coin”. According to the developers, Useless Coin is “the most honest and first coin in the world that really promises nothing.” For all its absurdity, Useless Coin attracted the attention of investors from the very first days after launch in May 2025 on platform letsbonk.fun. From May 11 to June 30, Memcoin has risen in price more than 29 times. After the project capitalization exceeded $ 100 million, in the second half of June, the Useless Coin reached the leaders of weekly growth in the memcoid segment:
Source: Coinmarketcap.com
On June 30, its capitalization exceeded $ 220 million. Now the coin is in the top-250 projects for market capitalization, located in the 219th place.
The incorporation of uselessness
Obviously, the developers successfully used the idea of “uselessness” of digital assets. The creators beat the popular opinion that there are supposedly not useful coins on the market, or at least different experts try to convince us of this. In particular, they give an example the statement by JPMorgan, Jamie Dimon, who claimed that “Bitcoin is useless.”
Since the whole crypto is not of any value, is it worth making a coin that honestly declare this? It is already difficult to surprise anyone, therefore, ironic coins like Useless Coin and SPX6900, were in demand in 2025.
On the other hand, Useless Coin is still far from the top 100 projects on market capitalization. If we turn to Official sitewe will find that he promises us zero utility, “absolutely nothing”, the complete absence of Defi (decentralized finances), NFT (non -replaced tokens), stakeing and, moreover, “guarantees losses”.
Naturally, Useless Coin does not have a white book or other technical documentation, since, as stated on the site, they are useless. Instead, there is a button “Download the White Book”, which is simply Runes The counter of unsuccessful attempts to find it on the site.
But is this memorial is so useless from the point of view of technical analysis and what are the prospects of its further growth?
Technical analysis
The first thing to mention is that Useless Coin is only a month and a half. At the same time, his growth is really overwhelming – from May 13 he added more than 1,823%. Useless Coin’s volatility is quite serious: over the past five trading sessions from June 28 to July 2, the price of a coin each of the days has risen by more than 9%.
Of course, when Memcoin shows such a serious rise, then there is no need to talk about anything else as a bull trend. The price noticeably exceeds a 50-day sliding average (indicated in blue). The RSI indicator is located in the overwhelming area, which usually portends a turn. However, in the context of Useless Coin this should not be given much. Firstly, in view of the nature of the cryptocurrency. Secondly, due to the bull trend, where the oscillators give a lot of false signals. Thirdly, due to the fact that the RSI in the overwhelming area from June 9, and the coin has grown eight times from that time. The current conditional levels of support and resistance are $ 0.2317 and $ 0.251, respectively.
Source: TradingView.com
Although now everything looks like Useless Coin is an insurmountable force that can only get drunk, it will not continue forever. At some point, investors and speculators will want to fix a profit. And then Useless Coin is probably awaited by a rather stiff correction.
Similar projects
Interestingly, Useless Coin is not the first such memcoin. Many investors and traders liked the level of irony of developers, but how long will the latter be able to use such a narrative? To answer this question, you can turn to history.
The first similarly useless coin was Useless Ethereum token (UT). She was launched in 2017. Then the UET developer said that their ICO (primary placement of coins) is the first honest in history, because it “guarantees that the price of token may not grow in the future.”
He also warned that, giving him money, people actually give them to a stranger on the Internet. Therefore, there can be no guarantees that investors will not be deceived. Moreover, the Creator admitted that he did not understand how the cryptocurrencies were arranged for a long time, and made his project literally over the weekend.
Interestingly, many investors were impressed by such a level of honesty and until the last hoped that UT would be successful. Unfortunately, the project closed and many suffered losses.
Of course, Useless Ethereum token and Useless Coin are completely different projects. Yes, and Useless Coin has a more transparent tokenomics, a successful launch on LetsBonk.fun and a relatively high capitalization. Nevertheless, it is impossible to guarantee its long -term success in the market with a 100% probability.
Conclusion
Despite the visual absurdity, Useless Coin is in demand among investors. Obviously, the holders of the crypto acting are attracted by the open position of the developers about his “uselessness”. The growth of Useless Coin is already quite impressive – over 1,800%, so do not be surprised at strong correction in the near future.
This material and information in it is not an individual or other other investment recommendation. The view of the editorial office may not coincide with the opinions of analytical portals and experts.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
