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This type of coin is ‘among the riskiest of cryptocurrencies,' investing expert says—here's what to know

This type of coin is ‘among the riskiest of cryptocurrencies,' investing expert says—here's what to know
From bitcoin to altcoins to meme coins, the world of cryptocurrency can be complex. Here’s how to tell the difference between cryptocurrencies.

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Meme stocks like GameStop have been surging, and now meme coins are also on the rise. Dogecoin and Pepe, both named after popular memes, have seen significant increases in value. However, before investing in cryptocurrency, it's important to understand the difference between meme coins, altcoins, and bitcoin. Bitcoin is the original and largest cryptocurrency, with a market capitalization of over $1.3 trillion. Altcoins, on the other hand, are any cryptocurrency that's not bitcoin and can be particularly vulnerable to rapid and unexpected changes in price. Meme coins, which are created for fun and named after internet memes or pop culture references, are considered especially risky for traders. Cryptocurrency remains volatile and risky, and it's recommended to avoid it entirely. However, if interested, a bitcoin exchange-traded fund may be a safer option.

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