It is no news that the crypto bull run could begin soon, which means that there will be an upward trend in the price of many crypto assets.
This significant increase in the value of different crypto assets is the cause of many investment scams during the cryptocurrency bull run.
Here are 4 tips to follow during the bull run:
1) The problem of scams has become bigger because newbies don't have much knowledge about how the industry works.
To successfully obtain the right information, it is important to do a lot of research and not get involved in the big claims made by several crypto projects to enrich investors.
Any crypto project whose goal is to enrich early investors is a scam, so do not invest in crypto that is not yet listed on a major exchange.
2) Another scam to watch out for is the Airdrop scam. These are usually submitted by someone you know, as they are based on a reference.
They tell the investor that he will get a certain amount of an already listed coin if he completes certain tasks.
Now when these tasks are completed, they tell the investor to get rewards by paying a certain amount for gas fees. Don't fall into these traps...
3) Fake crypto exchanges are another popular scam to watch out for. A crypto exchange that promises an investor to get thousands of dollars is definitely not worth your attention.
4) During the bull run, there is also a considerable increase in the number of crypto projects launched.
These projects have different use cases. However, it is important that before buying a coin you should check the team behind the project or if the people talking about the coin have a good reputation in the crypto industry.
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