The altcoin zone is almost becoming a dump site for shitcoin. With just anyone being able to come up with a token on any of the blockchain makes it easy to have shitcoins littered all over the place. But the question is; who is going to clean up the mess? Natural death or a regulation is going good to be imposed later?
If we are expecting for natural things to happen then it will take more time and that will be no guarantee that those shitcoin will not be happening again and again. It means we must need regulation so that we will be having a cleaner environment which is more important for attracting new people into the system.
I believe those kind of garbage are more core reason why we are having such a downfall for the entire crypto markets. Yes, when there will be lots of scams are happening how we can attract new people into the crypto space. Mostly new investors are being convinced are through mouth of word by their friends and colleagues. When more people are sharing about their bitter experience with crypto environment, new investors may get panic to get into this space.