Auroracoin, the Icelandic cryptocurrency, has entered stage two of its Airdrop last Friday. Auroracoin was the first national cryptocurrency, created to benefit the citizens of Iceland.
Cryptocurrencies are considered (one of) the highest-risk investments you can make. This risk is reflected in the volatility of their value.
The post by Dogeconomist on Auroracoin almost a week ago led to a small storm of controversy over the national cryptocurrency.
A month ago, Dogeconomist warned about the risks of Auroracoin. After examining the Auroracoin blockchain, signs of severe fraudulent activity can now be observed.
According to data from Coinmarketcap, the Icelandic cryptocurrency Auroracoin has now passed Litecoin in market capitalization. This would make it the second most valuable cryptocurrency after Bitcoin, following a massive spike of interest from investors during recent days.