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Every bull market drives cryptocurrency to new heights. The total market capitalization of cryptocurrencies now exceeds 2 trillion dollars as prices rise to new peaks, creating a lot of euphoria and FOMO (fear of missing out), which brings tons of capital into this space.
All this activity and life-changing profits lead to fraudulent practices that tend to reach new highs in bull markets alongside prices. Therefore, if you don't want to risk losing money, it is extremely important to know all about the fraud infiltrating the cryptocurrency sector before it becomes too late.
$DOGE CEO of Tesla and SpaceX Elon Musk wrote on Twitter that he supports Dogecoin, considering it a 'people's cryptocurrency'. The businessman noted that before supporting the 'meme' cryptocurrency, he spoke with Tesla and SpaceX workers, many of whom turned out to be holders of Dogecoin.