Some people who are scammers introduce their own crypto currency in order to get people defrauded, especially those who are in a haste to buy crypto currencies or make exchanges.
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Currently many people are building their own different crypto currency because of the money attached to it, and thats the reason why most crypto currency out there are valueless.There are so many coin currently,and this is not favourable to traders because it doesn't make us know when we are to trade and the coin to trade on
This won't stop because the cryptocurrency ecosystem is decentralized and only those projects that have good prospect will survive in the market, it is our responsibility to research well before investing.Currently many people are building their own different crypto currency because of the money attached to it, and thats the reason why most crypto currency out there are valueless.
It was very difficult for people to establish a cryptocurrency on the ethereum network but the binance smart chain network really makes it very much possible for people to create all sort of crypto currency to scam innocent peopleThis is due to the fact that intelligent programmers have discovered it is the easiest way to lure people and scam them since it's a season of crypto currencies.