Snek

Snek is the sort of cryptocurrency whose appeal comes from a compact name and the culture around it rather than from any obvious utility. By our assessment, that usually means it can be lively and easy to talk about, while still being thin on the practical side. Coins like this tend to do best as community assets: they are easy to pass around, easy to meme about, and easy to hold when the crowd is interested. The downside is that their value can be tied tightly to that crowd, so the floor is not very sturdy. Snek fits the small-coin world well, but it does not look like something with a broad everyday role.