Many projects in the crypto market are unreliable. Many altcoins that start off as quick profits to attract more investors turn out to be scams.
It is imperative to carefully research your options before investing in altcoins. To avoid bigger losses it is better to turn your attention to Bitcoin.
Crypto has attracted alot of scammers and they tend to do their bidding using altcoins.
They only create altcoin not for the benefits of the community but because of their selfish and greedy intentions, that's why you see an altcoin that's doing great to will suddenly get rugged the next day.
This has been happening in the entire crypto world for a long time already. Scammers are always hiding behind new projects and targeting many investors with their flowery words of promises about their projects just to take money from them. They will lie just to attract investors and would run away later on. That's why we are always advised to research so we won't fall for their trap. We must be observant as much as possible so we will know if a project is legit or not.