Daemon

Daemon is a cryptocurrency name that sounds technical, which may be part of the appeal for people who like the look of a serious project. By our assessment, that surface is the strongest thing about it: the name carries software-flavoured weight before the coin itself has done anything to earn it. The downside is that a token with a broad, suggestive label can still amount to very little in practice. As with many small cryptocurrencies, the real question is not the name but whether there is a clear use beyond trading and speculation. Against bigger, better-known coins, Daemon sits in the speculative tier where the story matters more than the utility. It is mostly for people who are comfortable with that gap between appearance and substance.