Cryptocurrency is a form of investment that was not very popular in the beginning, but is now considered one of the most expensive and popular investments and is now being acquired by many.
There are many types of cryptocurrencies, and week after week we can see the emergence of new types of crypto, with Bitcoin and Dogecoin being the most popular.
However, in the recent news, several new types of cryptocurrencies have emerged and many celebrities like Kim Kardashian are talking about them.
These new types of crypto are called “Alt-Coins” which contain names like Meme Coins or Shit Coins and are most likely named after a popular meme, similar to the Doge coin.
Although cryptocurrency is a somewhat popular investment, it is also one of the most unstable forms of investment that only depends on luck.
Although many cryptocurrencies are unstable, the newly emerged altcoins are said to be even more dangerous than any of their related cryptocurrencies, and they are heavily promoted by certain celebrities and influencers.
According to a crypto critic named Gerard, people have been scammed by Bitcoins for the longest time, be it XIcoins in 2011 or the recent Faze Coins scam in which they advertised a $ 10,000 giveaway to a random user that many people took but had to deal with fraudulent activity.
so sad to see all of these influencers i used to see like the faze guys just promoting shit crypto ponzi schemes
– zabi (@wowzabii) May 28, 2021
Well, remind me to stay away from coins sponsored by Faze. Her team / friends used the huge liquid and poured it on every buyer.
They deleted the tweets promoting it, and their IG model also deleted the story it was promoting. Full of fraud.
Sad to see that from a large organization, pussies.
– Monkey (@ Mcryptolive21) June 6, 2021
Both use that all these freebies never draw winners and then delete them. Simply pump and dispose of and move waste
– Chantelle (@oatsbar) June 14, 2021
PSA from insiders who were offered these deals pic.twitter.com/MpdeWWismU
– NELK (@nelkboys) June 6, 2021
All of these emerging cryptocurrency scams really piss people off when they see certain influencers or celebrities endorsing or publicizing a certain type of crypto investment.
With Kim Kardashian and other celebrities promoting altcoins and creating a hype about it, users are furious about why celebrities can sometimes be bought.
But how do altcoins or other currencies convince celebrities to do such a thing?
They offer them a large amount of crypto or money in exchange for a shout or some good words about the said bit currency. The more influential a celebrity is, the more likely they are to attract larger audiences, which will ultimately help them make even bigger sums of money.
However, not all cryptocurrencies are scams and some have proven to be really worthwhile to people. Investing in good yet reliable currency can also get you driving the really fancy car that you wanted.
H / T: Mashable.
