The cryptocurrency space as a whole is growing like crazy, with Bitcoin and Ethereum seeing massive growth trajectories and what feels like a new ICO every day the entire world has now become obsessed with all things blockchain. So it should come as no surprise that when it comes to domain names, cryptocurrency domains are a hot commodity and based on Verisign’s Q2 report, they were the hottest commodity in the last quarter.
According to the report “Coin” was the top trending keyword in both .COM and .NET in Q2 and “Crypto” was number two in .COM. While you might think this means that owning a domain with the word “coin” in it means a five or six-figure price tag, a lot of these domains seem to be selling in the sub $10k range.
This week the two highest coin-related domain sales on NameBio were ToyCoin.com for $2,849 and SECoin.com for $1,966. The highest “coin” related sale in September was ChargeCoin.com for $3,000. August saw some higher sales like CoinRate.com for $8,888 and CoinTime.com for $5,000. So I think it’s safe to say, if you invest in “coin” domains you can probably get a nice ROI but if you’re expecting a sale in the five-figure range you might have to wait a while for the right buyer to come along.
Crypto has seen similar sales prices with CryptoAlerts.com selling for $5,000 and .IO also getting some love in the with CryptoMarket.io selling for $5,525. Sedo saw a five-figure “crypto” .COM sale in August with CryptoNews.com selling for $50,536. I also dipped my toes in the cryptocurrency domain waters as I brokered Crypt.com for $64,000 a couple of weeks ago.
Given how fast the cryptocurrency space is growing I think we’ll continue to see demand for “coin” and “crypto” related domains continue to increase in value over time. Of course I don’t have a crystal ball so only time will tell, and if cryptocurrencies crash, so could the value of crypto-related domains.
What do you think? Is now a good time to invest in coin or crypto related domains or have all the good ones already been taken, leaving only scraps for your average investor?