Meme coins sound more like something kids made up on the playground than actual investments, but influencers across social media claim they can make you rich.
Recently, a crypto token called “Fartcoin” hit a $1.5 billion market cap, making it more valuable than well-known brands like Office Depot and Ethan Allen. Even MooDeng, the viral pygmy hippo, has a coin.
President Donald Trump even launched a cryptocurrency called $Trump or TrumpCoin, which fizzled after a hot start, dropping to around $17 and resulting in cumulative losses of $2 billion for over 810,000 crypto wallets.
Overall, 17% of U.S. adults say they have ever invested in, traded or used a cryptocurrency, according to Pew Research.
So what are the facts? Nichole Berlie breaks it all down in the latest "Is it That Easy."
More:
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