What is EthereumMax and why is the price going up?

CRYPTOCURRENCY EthereumMax has attracted attention recently, with its value up by more than 20% over the past 24 hours.

The crypto launched last month, but investors are being warned about “wild price swings”.

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Anyone looking to invest in cryptocurrencies should know it’s very risky, and only invest what you can afford to lose, if anything at all.

Due to its volatility, your cash can go down as well as up at the blink of an eye so it’s not a guaranteed way to make money.

As always, never invest in something you don’t understand and be aware you may not be able to convert cryptoassets back into cash.

Newer cryptos are also riskier than those that have been around for a while, such as Bitcoin, and make you more open to scams.