I also agree What he said now a lot of junk coins are popping up in the crypto forums, that's the main obstacle this scam can't be solved permanently so that the scammers disappear, but if we invest in certain altcoins and at the right time we can also make more profit,
we have to support each other here if there are altcoins that suspect we shouldn't promote it so that the fraudsters can disappear by themselves
That's why it is important to not just look at the idea behind the project but also the team working on it. If there are known faces, they will not make an exit scam after the ICO or IPO.
There are great risks in the crypto market. If you want to profit by investing in confidential currencies, you must have sufficient knowledge of them and analyze the project before investing, and invest in cryptocurrencies with complete technical support and safer.
That holds true for meme-coins but no way a good and solid project would follow the same route. Like I have been a supporter for ICP even when the price dropped and everyone was talking shit about them because they have a solid team and a very decent vision.
it's real if 95% coins are trash. they are scammers and create new tokens using the names of already successful coins without official permission.
Most of these scam projects are also built by the same scammers under different names and profiles. It's important that you can recognize some faces in the team before putting money into the project unless of course, they have a big market cap already.