Most cryptocurrencies are often seen as scammy due to a lack of regulation and transparency. Many projects promise groundbreaking tech or returns but disappear overnight, leaving investors empty-handed. The volatile market attracts bad actors who exploit hype through pump-and-dump schemes and fake endorsements. With anonymous creators and unverified claims, it's challenging to discern legitimate projects from scams. Always research thoroughly and approach with caution—if it sounds too good to be true, it probably is.