In a recent speech at the annual PNWER meeting held in Montana, Neil Kashkari, president of the Federal Reserve Bank of Minneapolis, sharply criticized cryptocurrencies, stating that "95 percent of cryptocurrencies are fraud, deceptive advertising and noise," and he also said he had a more positive view of cryptocurrencies in 2015. Kashkari also referred to the large number of altcoins and called them "garbage coins."
what was discussed in the meeting was very true in my opinion. There are a lot of junk coins on the market today whose purpose is to deceive others. even now there are a lot of trash tokens that go into the bsc wallet.
Yeah there are lots but not really much an issue if you do make yourself aware and doesnt really care about those coins that do go inside your wallet randomly and as a newbie then you should do make out lots of
research or on at least be aware on what are the things that are happening into this market before you do step your foot in rather than on considering most coins which are relevant.
Its true that 95% of them or more are really just garbage and doesnt really have actual use case but surprisingly there are people who do still engage with these things.
I think there are many people who are trapped in cases like the ones we discuss here, it is caused by not doing enough research and not understanding market conditions so they are stuck with scam coins. not only that, there are also those who are stuck with good information about one coin so they are involved in bad conditions