There must be a thousand cryptos right now. Answer is: because anyone can make one. It also mean loads of them are scams.
If you invest, I recommend to stick to the 50 biggest ones.
before you can create a coin and make an ico and can easily scam people unlike now you need to spend money and make a good platform first and some duties before having ICO or currencies.If you invest, I recommend to stick to the 50 biggest ones.
But til now there are still a lot of scam ICO's specially on the ethereum network, those scam tokens runs an ICO with fake teams, white papers and lots of other fake stuffs to make it look real and a lot of people still fall into it.
