Today the next big thing is called Artificial intelligence and as a coinmarkcap user I am seeing many new A.I projects, I investigate two newly listed on CMC and I found out they are rubbish, it seems the Doge and INU race is over, now it's A.I call for scammers.
I have been watching this trend since side-chain coins/coloured coins. We have experienced lots of scams in the name of ICO/masternode/IEO/Defi/NFT/meme etc etc. At the end of the day, bitcoin is staying stronger and the people who opted only bitcoin found themselves richer and those who risked in trendy hypes might have got chances to see some profits among many losses.
I also got scammed with few POS and masternode coins; when APR is not realistic then it would be better not to touch them and better try LTC/ETH kind of long running coins if you want something else other than bitcoin. Yes, bitcoin should be given first priority and then for 10% of our total capital, we may risk in few selected altcoins.
Apart from bitcoin and ETH, all other altcoin projects can be said to be scams, with no technology, no utility, and no actual application...it's all just a pumping and dumping game. We need to realize that if we want to profit from altcoins, then we gamble, once profitable we should get out, don't think this is cutting edge technology, the technology of the future. All altcoin projects are fake products, the real purpose is still pumping and dumping and disappearing from the market. Cryptocurrency is a money game, it is too early to say this is a technological revolution.