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An unrelated PetroDollar crypto has just

quintupled in market cap
Andrew Munro
22 February 2018

Pictured: A technical analysis of PetroCoin's potential.

PeopleLooks
have resurrected
like you're in × a dead coin after mistaking it
×

the US.
for Venezuela's Petro.
Go to our US site to compare
relevant products for your country.
What a growth spurt! This coin's market cap has quintupled from under $100,000 to over $500,000 in about
an hour and a half, while
Go tothe coinUS
finder price has doubled. It must have some really good fundamentals.
No, stay on this page
No, stay on this page
Want to chat? 
Or not. This is XPD, not PETRO, and its necromantic growth spurt is entirely a case of mistaken identity.
Feedback
    

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An unrelated PetroDollar crypto has just quintupled in market cap | finder.com.au

Source

To call this coin overvalued would be an understatement. It's actually been dead and gone for a long time
now, and both its previous domain names, http://ww1.petrodollar.org and http://www.thepetrodollar.org, are
still for sale.

Unlike the token itself, that second domain name might actually be a decent purchase for someone who
wants to continue the charade and take a stab at becoming a professional Petro imitator.

The XPD was designed to be issued and valued according to the world's current estimated oil reserves. "The
PetroDollar is designed to be deflationary with reference to the world's oil supply. As a result PetroDollar will
not lose purchasing power," its developers optimistically promised. They also predicted in early 2014 that "Oil
will continue to dominate the primary energy mix for the next 25 years."

Appropriately enough, this fossil fuel cryptocurrency has gone out of business while renewable energy
cryptocurrencies such as Power Ledger and IOTA's bIOTAsphere project are still growing fast. The best time
to dump any XPD is probably ASAP before this particular oil field dries up again. Not to be crude, but it's just
a garbage coin.

But to be fair, the official Venezuelan Petro Dollar might not be all that much better.

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An unrelated PetroDollar crypto has just quintupled in market cap | finder.com.au

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Disclosure: At the time of writing the author holds ETH, IOTA, ICX, VEN, XLM, XRB, SALT and BTC.

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