Cryptocurrencies are known for their drastic price swings. This volatility can result in significant losses for investors. The world of cryptocurrencies tends to attract scammers and fraudsters. Investors need to be cautious when putting their money into a coin or token
Because The creator of a token can spend 20 minutes making it (probably less. There are tools to make tokens in seconds), and if he get lucky that it will gain traction. The creator probably owns 90% of the tokens, and put the rest out to gain attention.
When it moons, the creator will dump millions of tokens over the course of a year or two, and make hundreds of thousands of dollars off of anyone that bought it from him.
All for 20 minutes of work and getting lucky that it was discovered.
on the other hand The process of coin creation may take as little as 5 minutes too. You can just copy the code of Bitcoin, add a new variable, or even change the value of something, and that’s it - you have your blockchain and coin. However, you need to understand the code and how to change it, which requires extensive coding skills.
while the launch of a token most of times requires the creator to KYC and prove it's trustworthy some tokens creators are not verified now, the tokens simply can be a scam and there are too many examples.
there are cases when coins projects were a scam too
Some of the biggest crypto scams in history include the OneCoin scam (estimated $25 billion in losses), the BitConnect scam (approximately $4 billion in losses), and the Bitclub Network scam (up to $722 million in losses)
While blockchain technology itself is decentralized, not all projects built on blockchain are decentralized. for example Bitconnect was a cryptocurrency lending and exchange platform that claimed to offer high returns on investment through its lending program. However, it turned out to be a Ponzi scheme, where early investors were paid with the money from new investors rather than profits from any legitimate business activity.
The creator of Bitconnect was able to scam people by exploiting the lack of transparency and regulation in the cryptocurrency space. While blockchain itself provides a secure and transparent ledger of transactions, the platforms and projects built on top of it can still be susceptible to fraud and manipulation.
In the case of Bitconnect, the creator likely used deceptive marketing tactics to attract investors and promise unrealistically high returns. They may have also manipulated the platform's internal mechanisms to generate fake lending returns or manipulate the price of Bitconnect tokens.
Once a sufficient amount of money was collected from investors, the creators could have withdrawn funds from the platform's reserves or simply disappeared with the money. Since cryptocurrencies can be traded and transferred anonymously
in conclusion some Signs of crypto scams include poorly written white papers, excessive marketing pushes, and get-rich-quick claims
so do your own search before investing in any new crypto project
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As Solana (SOL) navigates a surprising 6.5% dip, the spotlight shifts to InQubeta’s (QUBE) presale results, raising $13 million and challenging Hedera (HBAR) with its AI integration in blockchain.

Once named among the best cryptocurrencies to buy, Solana (SOL) is currently wading through choppy waters. The decentralized platform had been riding high following the success of its meme coins.

Solana’s market capitalization was on the rise when its price suddenly witnessed a downturn. The 6.5% drop wasn’t on analysts’ radar and they are now looking into how it will impact Solana’s prospects.

Amid the gloom, InQubeta’s (QUBE) has been gaining market clout with its presale success. Launched last year, the platform helps AI startups raise funds from crypto users.

With a decentralized governance structure and a deflationary token as USPs, InQubeta is a promising asset to buy now. Its presale gains have pushed its popularity and even pitted it against top names like Hedera (HBAR). Currently, its presale funding stands at $13 million.

#Solana’ #HBARUSD #writetoearn

A cryptocurrency scam is a fraudulent scheme that's designed to deceive you (an individual investor or an organization) into parting with your digital assets.

A scam coin, also known as a fraudulent or fake cryptocurrency, is a type of digital currency that is created with the intention to deceive and defraud investors. Scam coins often lack a legitimate purpose or technology behind them and are typically created by individuals or groups looking to make quick profits at the expense of unsuspecting investors.
To identify a scam coin, here are a few red flags to watch out for:
1. Lack of transparency: Scam coins often have limited information about their team, technology, or roadmap. Be wary of projects that don't provide clear and verifiable details.
2. Unrealistic promises: If a coin claims to offer guaranteed high returns or promises to make you rich quickly, it's likely too good to be true. Exercise caution and skepticism.
3. Pump and dump schemes: Be cautious of coins that experience sudden and extreme price fluctuations, as they may be part of a pump and dump scheme, where the creators artificially inflate the price before selling off their holdings.
4. Poorly designed website or whitepaper: Scam coins may have low-quality websites, poorly written whitepapers, or plagiarized content. Look for professional and well-documented projects.
Remember, it's crucial to research and verify the credibility of any cryptocurrency project before investing your hard-earned money. Stick to reputable platforms and consult reliable sources for information and guidance.

Ripple CEO Brad Garlinghouse said he expects the entire value of the crypto market to double this year, citing the arrival of the first U.S. spot bitcoin exchange-traded funds and upcoming so-called bitcoin “halving.”
“The overall market cap of the crypto industry ... is easily predicted to to double by the end of this year ... [as it’s] impacted by all of these macro factors,” Garlinghouse said.
One of the other factors Garlinghouse sees pushing the crypto market to new highs is the possibility of positive regulatory momentum in the United States.

#BullorBear #Halving2024 #writetoearn #Memecoins #SHIB

Historically, each halving event has been accompanied by a significant surge in bitcoin price in the months preceding and following the event. Notably, in the 365 calendar days after the November 28, 2012, halving, bitcoin prices rose 8,447%, when the reward was cut from 50 bitcoin to 25 bitcoin. In the year following the July 9, 2016 halving, bitcoin prices rose a more modest, but still impressive, 283%, and the block reward was reduced to 12.5 bitcoin. In the 12 months after the May 11, 2020 halving, where the reward was cut to 6.25 bitcoin per block, bitcoin prices jumped 527%.
The pre-halving rally has shown a diminishing trend over time, likely due to miners selling off their bitcoin holdings to secure profits ahead of the impeding reward reduction. Nevertheless, the historical pattern suggests the potential for bitcoin to reach new all-time highs in the aftermath of the 2024 halving. 

Mining is now dominated by larger, often publicly traded, companies and with a liquid regulated derivatives market, it is possible for these firms to hedge and lock in future bitcoin prices to cover expenses without selling their coins. If this is the case, then selling pressure from miners is less likely to act as a drag on bitcoin prices going forward.
in my opinion bitcoin price won't crash at least a crash related to halving, likely we will see new ath before halving then a small drop that will give altcoin their season.

#BTCHalvingApril2024
#writetoearn
#BTC、
#Altcoinseason2024