The success of NOT coin, a telegram mining token, has led to a surge in participation of younger individuals in my community and online who have little knowledge of blockchain technology and cryptocurrency. It's both exciting and concerning to see them jump into mining tokens on telegram without any understanding of the technology behind it. Some seem more interested in quick profits rather than learning about this growing industry.
Their constant questions about when mining will end and how to sell tokens make it seem like blockchain cryptocurrency is just a way to get rich quickly. While I initially saw these trends as a positive sign of crypto adoption, I now worry that it's diminishing the value of being known as a legitimate crypto investor, as more and more individuals claim to be involved in cryptocurrency without truly understanding it.
I can't help but wonder if others have noticed this trend as well.
You evaluation are correct. Though a few of the early Telegram based games or memes were a success, it doesn't guarantee every of it would. What many people also don't realize is a lot of them are not promising anything, not even a token on the blockchain.
And failure of these particular project won't have much effect on crypto as a whole. People are much aware of scams and hype projects and for most of the games, people are not spending any money but their time.
It would be wise for people to have limited expectations and continue them as potential airdrop than an investment.