This type of coin is 'among the riskiest of cryptocurrencies,' investing expert says—here's what to know
Publishing timestamp: 2024-05-29 15:55:14
Summary
Meme coins like Dogecoin and Pepe are gaining popularity, but it's important to understand the differences between meme coins, altcoins, and bitcoin before investing in cryptocurrency. Altcoins are any cryptocurrency that's not bitcoin, while meme coins are virtual tokens named after internet memes. Meme coins can be especially risky due to their unpredictable nature. It is recommended to avoid cryptocurrency entirely, but if interested, consider investing in a bitcoin exchange-traded fund (ETF) for lower fees and institutional investor interest.
Sentiment: NEUTRAL
Tickers: BTC.CB=,
Keywords: meme stocks, retail investors, personal finance, bitcoin/usd coinbase, cryptocurrency,
Source: https://www.cnbc.com/2024/05/29/bitcoin-altcoins-meme-coin-differences-explained.html