Crypto is a perfect engine for scammers because it's still unregulated and it's also the wild west when it comes to making money quick with less efforts. .
Apart from rugpulls and influencers scam that are very famous with altcoin investment there is one particular side I want you to be much aware of.
Many altcoins you are seeing right now are build on "Make the project, promise the entire world rare utilities and never really deliver anything, they will keep using words and investors will keep hoping.
They deliver small updates only to push the price higher.
They spent hours live streaming almost everyday.
They trust hype more than anything and a finished product will ruin it.
Keep a track of your altcoins regularly and once you see the slackness in the team it's safer to switch.
Many altcoins take advantage of people's greed, and the high-return returns make people chase wildly. The result is being lied to. What is even more sad is that many altcoin projects do not survive for more than 24 hours, which causes many users to have no time to think and track, and the project party disappears, and many of them are anonymous projects. This requires everyone to put away your greed, improve your cognition, and don't follow blindly.