How to Avoid Pump and dump Scams in Crypto

Crypto is highly a unregulated market hence people are falling on the trap of these pump and dump scams easily

The main intention of the scammers is to mislead the investors by luring them with high returns

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These Pump and dump scams mainly occur in social media platforms like twittter, facebook and instagram

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How to Recognize and Avoid a Crypto Pump

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2.A sudden spike in the worth of a new coin is a clear indicator of pump followed by a large dump in its price

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3.Dont fall for fake promotions or gigs of the crypto coins. Understand the market before investing

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4.stay away from false and alarming news on Copy-and-pasted messages on social media and in Discord groups

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5.Always remember that sudden investment in any new popular thing can be a trap

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Hope you people found the story informative. For more such interesting stuff, click on the link given below

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