In the wild west of cryptocurrencies, the lack of regulation creates fertile ground for scams. Most cryptocurrencies promise revolutionary tech but often deliver little more than hype and speculation. Rug pulls, pump-and-dump schemes, and vaporware projects run rampant, preying on uninformed investors. The decentralized allure is often a facade, masking centralized control by anonymous founders. Without accountability, transparency, and real-world utility, many cryptos remain high-risk gambles, enticing with dreams but delivering losses. Always do your due diligence before diving in.