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Cryptocurrencies continue to be a major source of investment among the American population, but there are still major questions about whether or not you should invest and how to avoid any scams.
Right now, cryptocurrencies are trending downward, as I explained for the Deseret News. This has had an impact on the price and value of single crypto coins, like the Shiba Inu coin or the SHIB coin.
“Crypto, in general, is in a slump right now, particularly Ethereum-based tokens like Shiba Inu and Dogecoin,” according to a report from GoBankingRates.com (via Yahoo Finance).
In the U.S., some people have fallen prey to cryptocurrency scams, which has created hesitancy among investors to dive in. The Federal Trade Commission said consumers have lost a combined $80 million in scams in recent weeks. In fact, there has been a 10-times increase in crypto scams compared to the same time period in 2020, as I wrote for the Deseret News.
Crypto expert Adam…
