And they’re specifically ruining the market for other legit start ups. People don’t trust start ups anymore exactly because of these scam coins.
Now some coins and projects are trying to gain the trust of investors in an way possible like backing up their coin with stable currency, or by being listed kind of like how EQONEX got listen on the Nasdaq stock exchange. It was the first cryptocurrency that did that too so stuff like that offer great incentive and ease for people trying to invest in start ups so that’s good.
But this is still a problem cause now legit projects have to work harder than ever to secure the trust and attention of investors. And we all know that start ups can’t always afford to do stuff like that.
By the way I see it, if this continues start ups will be struggling real bad…