In the dizzying world of cryptocurrencies, it’s crucial to tread carefully. Many cryptos promise astronomical returns with little transparency or regulation, often preying on FOMO and speculation. Unlike traditional financial systems, they lack consumer protections, making it easy for bad actors to execute pump-and-dump schemes. The allure of quick riches blinds investors to vital red flags like vague whitepapers and anonymous founders. While blockchain tech holds potential, the current landscape is rife with projects that prioritize hype over substance, leaving many vulnerable to scams. Always DYOR (Do Your Own Research)!