I am often skeptical of the cryptocurrency market because cryptocurrency has neither a worldwide community nor a rule to make coins, so my faith is not more than just 10%. This is because 2 3 Coins of the same name can also be made. Ho and no one sends you any legal notice or banner and if 10 projects come in 1 month, then 8 of them are fake, if this problem is not solved then trust in this market will not increase...
Altcoin projects are mostly scammers, without legality a project can be created whenever they want,
and that makes a lot of scammers in altcoin, of course it's a big problem for altcoins if this continues.
Crypotocurrency was designed to be decentralized, so most of them must be without legality since they are not built on a country but from any place worldwide.
Scammers will be always the problem, in crypto nor real life. The same behaviour is scammer always try to convince the victim with high return in the future, we should avoid this kind offer.