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Ryan has been self-employed for 15 years. He works long hours on two small manufacturing businesses. But he finds time to daydream about getting in early on a cryptocurrency that goes to the moon.
In 2021, the price of Dogecoin, a crypto token started as a joke, increased 70-fold in the span of four months. The total value of the coins in circulation reached $70 billion. “Imagine being one of the early adopters of Dogecoin,” says Ryan.
The Dogecoin format has been riffed upon by hundreds of copycat memecoins. They serve no purpose and promise no innovation, yet a few have charted a similarly precipitous rise in price. Ryan, who asked to be identified by only first name so he could speak about financial matters, invests in new memecoins as a form of “entertainment,” he says, careful never to spend more than he can afford to lose. But he’s in it for a shot at riches, too. Read More Here
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