New Crypto Projects Spark Concerns | Users Speak Out on Launch Risks
Edited By
Priya Desai
A surge of new crypto projects is stirring debate among community members, as fears of scams loom large. Users shared insights on where to find legitimate launches and the importance of due diligence in the current environment.
Scams Dominating the Scene
Many users express frustration over the alarming rate of scams in the crypto space. A notable comment warns that "almost 95% of the launches are scams." This reflects a growing skepticism as people attempt to navigate the murky waters of new offerings.
Some developers, like those managing their projects in Telegram groups, aim to provide transparency during development. As one developer stated, "You will be able to see what I'm building and decide if you want to buy when the launch happens." But trust remains a significant issue.
Tracking Influencers and Wallets
Participants in discussions suggest monitoring well-known investors (KOLs) and large wallets to identify credible upcoming projects. One user assures, "There's a ton of apps that will show you Use a trading app with a good discovery page like Kinetic." Such recommendations highlight a strategy to elevate the chances of spotting genuine launches amidst potential traps.
Looks Like a Mixed Bag
Among the chatter, opinions diverge on specific projects. The mention of Snortercoin piqued interest as some view the accompanying Telegram bot as a safeguard against rug pulls. A user cautioned, "It depends who you are for you, it's gonna have a good return." This perspective showcases the intricate connection between project ownership and investor sentiment.
"DYOR but there’s an ICO going on Snortercoin with related Telegram bot. In principle, they should not rug pull because of the bot."
Key Takeaways:
⚠️ 95% of new launches are perceived as scams by some users.
🔍 Monitoring KOLs and large wallets is key to finding trustworthy projects.
💬 "Scam? It depends who you are" highlights varying sentiment.
While the landscape may appear daunting, community members continue to seek opportunities amid the chaos. The constant battle between innovation and deception continues as 2025 unfolds.
Tomorrow's Trends in Crypto Development
As the crypto landscape expands in 2025, insiders believe there’s a strong chance that regulatory frameworks will emerge, shaping how new projects are launched and monitored. Experts estimate that around 60% of new projects will comply with these regulations, boosting credibility and potentially reducing scam activity. This could lay the foundation for a more reliable market, as developers adapt to scrutiny and investors become more discerning. Over the next year, we may see a shift where transparency becomes mandatory, and those unable to meet basic standards will be left behind.
A Lesson from the Gold Rush
This current crypto frenzy shares similarities with the California Gold Rush of the mid-1800s. Back then, hopeful prospectors flooded the area, lured by the promise of quick wealth, but many fell victim to fraud and inflated claims. Entrepreneurs thrived not just from gold mining but by selling shovels and tools to the miners. Today, much like those tool sellers, platforms that provide resources and insights on legitimate launches might benefit the most. This historical parallel highlights how amid chaos, innovation in support services often paves the way for sustainable growth.