Cryptocurrencies have captured global attention, but many are plagued by scammy practices. With low barriers to entry, anyone can launch a coin, leading to a proliferation of projects with no real-world utility. Pump-and-dump schemes and misleading marketing tactics prey on uninformed investors. Lack of regulation allows for rampant fraud and exit scams, where creators vanish with investor funds. Always exercise caution and due diligence before investing in a largely unregulated and volatile market. 