But if most altcoins are scams then that would mean there is almost 135b dollars propping up all these alt-coins. That's more than half of all the money in crypto, how am i supposed to believe that 60% of all the money in crypto is that clueless and invested in scams?
I can create a cryptocurrency with 100 million dollar market cap with $1.
1. Create crypto
2. Pre-mine 100 million coins
3. Wash trade a single coin on a shady exchange in Korea or China for $1.
4. Boom, $100M market cap.
when faucet? =) weeee