There Are Too Many Cryptocurrencies, and Investors Are Paying the Price
The new world of ‘shit coins’ is fertile ground for pump-and-dump schemes
Published in
4 min readMay 22, 2021
Last Wednesday was a rough day for cryptocurrency investors. Cryptocurrencies fell across the board, losing more than $500 billion in value at one point, with Bitcoin plummeting more than 20%. And while the market…