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What would you have made if you held McAfee’s ‘Coin of the Day’ to date?

While John McAfee’s ‘Coin of the Day’ tweets may have been thought of as quick pump-and-dumps, how much might you have made by holding his selections to date? We dive in.

Written by Bryan Smith Published on

In December of 2017, John McAfee – the name behind the antivirus software – kicked off a series of ‘Coin of the Day’ profiles – highlighting several cryptocurrencies thought to be unappreciated or undervalued.

While McAfee shifted his formula to cover a ‘Coin of the Week’ midway through, traders continued to jump on his highlights – using the opportunity to ride a profit wave through a subsequent pump and dump.

While McAfee’s ‘Coin’ profiles are usually thought to be little more than that, an interesting question remains – how much money could you have made (or lost) if you’d held McAfee’s picks to date?

Here, we’ll take the first ten Coin of the Day – and later Coin of the Week profiles – and explore not only what your return on investment might have been, but further whether any of these cryptocurrencies rebounded from the ‘McAfee effect’.

Electroneum (ETN)

Electronuem – a cryptocurrency perhaps best known for its implementation of simulated mobile mining – woke up on December 21st with a value of $0.07 USD. Following McAfee’s tweet, the cryptocurrency rallied to a high of $0.12 USD.

Thereafter, Electronuem soared to $0.19 USD on January 7th, before collapsing and limping home to $0.02 USD at the time of publication.

The bottom line: If you had invested $1,000 USD in Electroneum on December 21st of 2017, you’d have made a loss of $714.29 USD, with a -71% return on investment.

BURST (BURST)

Perhaps the first occasion where the McAfee effect came into play, Burst began trading at $0.04 USD on December 22, and post-tweet rallied to $0.05 USD. The cryptocurrency subsequently climbed to $0.08 USD the following day, reached a high of $0.11 on January 7th, and then gradually collapsed to $0.02 by press time.

The bottom line: If you had invested $1,000 USD in Burst on December 22nd of 2017, you’d have made a loss of $500 USD, with a -50% return on investment.

Digibyte (DGB)

DigiByte began trading at $0.04 USD on December 23rd, and then traveled upwards to $0.07 USD. Digbyte reached a high of $0.01 USD on the 6th of January, and then sank to $0.03 USD.

The bottom line: If you had invested $1,000 USD in Digibyte on December 23rd of 2017, you’d have made a loss of $750 USD, with a -25% return on investment.

Reddcoin (RDD)

Touted by McAfee as the “only currency that many children under the age of 10 have ever known“, Reddcoin kicked off December 24th at just $0.01 USD, and then skyrocketed to $0.013. Shortly thereafter, Reddcoin rose to $0.02 USD on Christmas Day, and then saw a high of $0.029 USD on January 7th.

Reddcoin subsequently slumped to sub $0.01 USD levels, and at press time trades at $0.06 USD.

The bottom line: If you had invested $1,000 USD in Reddcoin on December 24th of 2017, you’d have made a loss of $400 USD, with a -40% return on investment.

Humaniq (HMQ)

McAfee’s Christmas pick, Humaniq began trading at $0.4 USD, and then quickly rallied to a high of $0.6 USD on the same day.

Humaniq has struggled to reach similar levels since, and at press time trades at just $0.1 USD.

The bottom line: If you had invested $1,000 USD in Humaniq on December 25th of 2017, you’d have made a loss of $833 USD, with a -83% return on investment.

Tron (TRX)

Tron has enjoyed more press than most other cryptocurrencies McAfee has elected to espouse.

McAfee’s tweet had little impact on the cryptocurrency in hindsight – Tron began trading at $0.03 USD on December 26th,  and closed the day at $0.036.

Tron’s high point touched $0.027 USD on January 5th, and at press time trades at $0.05 USD.

The bottom line: If you had invested $1,000 USD in Tron on December 26th of 2017, you’d have made a profit of $666.67 USD, with a 67% return on investment.

Factom (FCT)

The first of McAfee’s ‘Coin of the Week’ picks, Factom kicked off the new year at $58.31 USD, and following McAfee’s tweet rose to $69.27 USD.

Factom next touched a high point of $73.76 USD on January 7th, and at press time trades at just $16.35 USD

The bottom line: If you had invested $1,000 USD in Factom on January 1st of 2018, you’d have made a loss of $719.60 USD, with a -72% return on investment.

Dogecoin (DOGE)

The most famous quirky currency, Dogecoin began trading at $0.017 USD on January 8th, whereafter a selloff was triggered that brought values down to $0.015 USD.

Doge hasn’t reached a high point since then, and today trades at $0.003 USD.

The bottom line: If you had invested $1,000 USD in Doge on January 8th of 2018, you’d have made a loss of $823.53 USD, with a -82% return on investment.

Stellar Lumens (XLM)

Lumens began trading at $0.62 USD on January 15th, after which values fluctuated to $0.63 USD.

While the cryptocurrency regained its strength after a short selloff to return to $0.6 USD, the cryptocurrency hasn’t returned to similar levels since, and today trades at $0.3 USD.

The bottom line: If you had invested $1,000 USD in Stellar Lumens on January 15th of 2018, you’d have made a loss of $500 USD, with a -50% return on investment.

Syscoin (SYS)

Opening at $0.65 USD on January 22nd, Syscoin rose to strength at $0.77 USD following McAfee’s tweet. Since then, the cryptocurrency came close to its past glory by touching $0.74 USD on February 21st, but today trades at $0.33 USD.

The bottom line: If you had invested $1,000 USD in Syscoin on January 1st of 2018, you’d have made a loss of $507.69 USD, with a -49% return on investment.

For clarity, John McAfee did not issue ‘Coin of the Day’ tweets as investment advice. Data was acquired from CoinMarketCap from the inception of McAfee’s tweet to date on June 7th. Special thanks to go to Theunis van Rensburg for his assistance.

EDIT: Revised Reddcoin’s return on investment. We regret the error.

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Written by

South African technology journalist, podcaster, photographer and filmmaker. Hodling - BTC, NEO, ETH.@bryansmithsa

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