Most cryptocurrencies are often seen as scammy due to their lack of regulation, which creates a fertile ground for fraudulent activities. Many projects promise groundbreaking technology or guaranteed returns without any real foundation or transparency, enticing investors with hype and buzzwords. The anonymity of transactions can facilitate illicit activities, and the volatile nature of crypto markets can lead to pump-and-dump schemes. Always do thorough research and exercise caution—if it sounds too good to be true, it probably is. 