There are over dozens of meme coins that are now almost dead or dead already because they are the most trending hype in last bull market.
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.
Most new projects listing on CMC are now having _____ AI name, for example AkitaAI, StableAI etc, there is nothing to be expected of these new projects, they are here to grab some attention that won't last and they will make tons of money doing so, it's always the money race.
Since the use of AI terms becomes a trend because, obviously scam project will use it to their bait in order to make unsuspecting investors invest in their scams. It is always normal that cash grab projects will ride the trend. So we better be careful when dealing or investing in new projects that uses trends and hyped to boast their project popularity.
Fraudsters use the most popular utilities as their main way of cheating, they are experts in their field so they take advantage of circumstances to cheat.
but I can't stop thinking about why CMC gives recipient value to coins that are not clear and don't have good performance just looking at total sales whereas we know now that there are bots to manipulate prices and sales and as we know CMC is everyone's reference in choosing coin ,
True, scammers even make sure that they project is way more legit looking than the legit one. Scammers will do their best in order to gain most favorable result then when all are hooked, they will run with investors money.