The Crypto Mania-- Disaster around the corner!"Fartcoin", which is a newly minted cryptocurrency most assuredly worth $0.000. That is, it pays no interest or dividend, earns nothing, has a zero use case and exists solely to absorb some of the oceanic volume of speculative credit the Fed has unleashed upon the financial system.
Nevertheless, in a matter of weeks Fartcoin has skyrocketed from an initial market cap (ICO) of $3 million on October 18 to a recent peak of $1.5 billion on January 3rd. That’s a 510X gain in barely 70 days, including weekends and Christmas.