Currently, there are over 14,000 different cryptocurrencies in the market according to CoinMartketCap (CMC). This is excluding the hundreds or even thousands more that never makes it to CMC or CoinGecko. For every single popular rug pull story you hear, there are hundreds more which nobody talks about because they never made it past the first few days on a DEX. A lot of people are silently losing money to rug pulls, pump and dumps, and other scams on the different chains. #cryptocurrency #crypto
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Anything that does not have utility value or the use case will eventually perish and make money only to short term traders.. take example of doge and shiba