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

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From bitcoin to altcoins to meme coins, the world of cryptocurrency can be complex. Here’s how to tell the difference between cryptocurrencies.

. And the price of Pepe, a meme coin named after the"Pepe the frog" meme, has soared by over 100% since April 29, per. It was created by Satoshi Nakamoto, a person or group of people whose identity remains a mystery. Nakamoto envisioned bitcoin as an alternative version of virtual cash that wouldn't rely on a government or financial institution, such as a bank, to function and facilitate payments.of 21 million coins.

"If demand dries up, you'll be left with only worthless digital assets and a good story," he tells CNBC Make It. Although all cryptocurrency carries risk, meme coins can be especially treacherous for traders, Royal says.

 

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