Apr.22.2021: Young investors are beguiled by 'altcoins'

Investors hoping to make a quick buck are turning to alternative coins, cryptocurrencies other than bitcoin, which have prices that sometimes skyrocket by a thousand times in a matter of minutes.
 
The downside of alternative coins, or altcoins, is that their prices can plunge just as quickly.
 
On Tuesday, a new altcoin dubbed Arowana Token was listed on one of Korea's four major exchanges, Bithumb.
 
On its listing at 2:30 p.m, it started trading at 50 won (4.5 cent) per token, then soared to 53,800 won by 3:01 p.m. That's a 107,500 percent rise in 31 minutes.


Full Article: https://koreajoongangdaily.joins.com/2021/04/21/business/finance/altcoin-aronawa-token-bithumb/20210421192500388.html