Etherum low value and ridiculous dump is all due to the block chains fault
It is too easy and conveniently cheap to create and own a token on the Etherum Blockchain and t had given liberality to scammers and thiefs to take advantage.
yes this is true, but not just in Ethereum blockchain this happening, but all platform that has a smart contracts. they are all give a chance to scam more people in this field of crypto.
Until Etherum reviews its contract creations terms and policies,
it has the dangers of been overcome by more comprehensive Blockchain
It has the tendencies of been ridiculously cheap
I think the only one thing to solve this problem is to implement a KYC to all incoming projects to create in their blockchain. this can be lessen a scam projects that continuing scamming all investors in this field.