•Scams attracts people faster than something legit because something legit takes time, only fraud and scams rushed in attracts people fast.
But if a coin is rising slowly, doesn't invest millions in marketing, it still can be a scam. And if it's not a scam, it's probably just a shitcoin that won't create anything valuable.
Crypto space doesn't have good investment opportunities. It doesn't create something that is actually used by people, and as the result creates value for investors. It only has speculation opportunities - you buy low and the price increases because other people bought after you. Eventually the price crashes and those who bought the latest suffer a loss.
I am still making money off axie infinity game, what do you mean by crypto doesn't create something that is actually used by people? Yet we are been rewarded for playing games, staking coins, etc.
The speculation opportunity is right but it's not entirely true, It sounds as if crypto projects won't survive if there is no speculation, I wonder what keeps these projects alive in a bear market then, because nothing great is going on right now, all of their coins and tokens should have just died.
No one is shilling Bitcoin anyway, yet it is the top one on the list, there are tons of tweets on Twitter about millions of tokens but none about Bitcoin, or just very few about Bitcoin, the word speculation and Hype belongs in the altcoin, as for bitcoin it is very useful, even in real life.