So it's really more sophisticated now for newbies to note the possible ways to avoid a scam project if they see one. I remember back when I was still studying the crypto space, my mentor would say that if I wanted to know if a project was real, I should search for their Twitter page and look through it to see how active their page is. I should also take note of how many followers they have and how many likes and retweets they have too. He told me to go on Telegram and search for the project's Telegram group or channel and see the level of activity going on there and how their group admins are responding to users that are asking questions there.

I did as he was instructing me, and I was able to detect a few things. If a project is phishing, there are some questions you might ask in their telegram group, and they will automatically delete you from the group and also delete your question. The same thing applies to their tweets on Twitter and other of their social channels.

You said it all @Zaguru12, some celebrities and influencers are even the ones helping these scam projects gain popularity on social media. I must say that I have fallen victim to altcoins in the past, and that's because I was a newbie and was not able to figure out all these things by myself until I became too exposed and also learned from the experience I got. For those reasons, I would not advise newbies to go into altcoins, but if they feel to do so, I had just say, "trade at your own risk, you might get lucky."