• New tokens are crypto scams, said crypto community members.
• Speculation on cryptocurrencies is being ignored.
Cryptocurrencies were a null investment medium initially, but it has gained a lot of popularity for this new year. However, the crypto market has been affected by crypto scams in several aspects.
Some celebrities like Kim Kardashian speak well about crypto and how vital their trade is. But billionaires like Elon Musk speculate on tokens and make their value skyrocket. But not everything is perfect because just as there are promoters of crypto business, there are also scammers.
Gerard, the nickname of a crypto critic, thinks that people have suffered from the Bitcoin crypto scams for a long time, like Xlcoins scams in 2011 or the most recent theft with the Faze token. This latest scam caused many people to participate in a fraudulent contest where the jackpot would be $10,000.
The investor community…