The world of cryptocurrency, while offering great potential for profits, is also a breeding ground for scams. Fraudsters are continuously coming up with new ways to deceive investors. Below are some of the most infamous crypto scams that have caused significant market damage:

FTX: In November 2022, FTX collapsed after mismanaging billions of dollars in customer funds. The company's founder, Sam Bankman-Fried, is now serving a 27-year prison sentence for fraud.

Luna and TerraUSD: These two cryptocurrencies suffered a dramatic crash in May 2022, wiping out $58 billion in value. Founder Do Kwon was arrested in March 2023 for his involvement in the collapse.

QuadrigaCX: After the sudden death of founder Gerald Cotten in 2018, about $200 million of customer funds became inaccessible. It was later revealed to be a Ponzi scheme.

Africrypt: Investors lost 65,000 BTC in 2021 when the platform collapsed. Its founders, Ameer and Raees Cajee, are under investigation for money laundering.

Other major cases include SafeMoon, Prodeum—an exit scam in 2018 that left investors with nothing after the team disappeared, and Pincoin & iFan—where Modern Tech raised $640 million through ICOs in 2018 before vanishing in another Ponzi scheme.

Celsius Network: This platform stopped withdrawals in 2022 and filed for bankruptcy, leaving a $4.5 billion liability. The company is now trying to return some assets to customers.

Centra Tech: After raising $22 million in 2017, the founders were jailed for misleading investors. Mining Max defrauded 17,000 investors, raising $230 million but using only a small portion for actual mining.

To protect yourself from such scams, always research the team behind any project. Be wary of schemes offering unrealistically high returns. Conducting thorough research and remaining cautious are key to avoiding these traps.

#ScamAlert #CryptoSafety #MarketUpdate #BTCPrediction
#Binance

Many times I saw some preditions of some coins, and every time I think "how does it possible to do?"

And recently I realized that it isn't possible to do without fundamental analisis.
Why fundamental analisis is important and what you have to know for that?

First of all fundamental analisis give us information about project, about team, about vision, their collaborations what they have planned, what they can implement or achieve and so on.
The above factors and many others can help us to understand The Value of the project.

Second.
After fundamental analisis we need to try to analize charts - Technical Analisis.

These analisis together can help us understand what will happen in the nearest future with the project and its coin, understand what green flags we have to wait to try margin, and what red flags can be to close position and forget the project and try to find another one.

What about technical analisis?
I'm confident that every one saw some different lines on chart and people try to predict something using them 😄
It's really very funny 😄
The most important parts of technical analisis:
1. Current Market cap
2. How Market cap was achived to his maximum in the history
3. What is the nearest minimum and how much is it close to current price
4. Historical dumps and pumps percentage

That's all for today
#BTCPrediction
Soon (in a week) crosses 95K
Good luck 🙂