Topic: Don't invest in alt-coin because of close relationship with some successful one (Read 78 times)

Using the names of successful projects under the pretext that they are considered as one of the projects that will be successful in the market. we must be careful, success does not come from the proximity of one project to another. but at least they can reflect better. hitchhiking on that name is very dangerous, as it signifies the absence of a prominent feature of the altcoin project.

Scammers don't want to work hard. They are lazy and want to repeat what they did in the past.

Bitcoin forks.
Ethereum forks.
Proof of Stake and Masternode coins.
DeFi
NFT
Meme tokens.

You can find trend in names of coin or token without reading website or whitepaper.

How Many Bitcoin Forks Are There? You will be surprised!!!
Define the (scam) DeFi.

You are right, they intentionally share name with popular projects just to attract people and this have been happening for a very long time now, it was always fork coins that share names with the real coin like ETH to ETC and BTC to Bitcoincash and bitcoin private etc but now every project want to be doge_____ something or polka_____ something

Why it's complicated can be FOMO, investors loses in an investment and fictitiously feel they can change their fortune to not invest in it, but when they don't invest and it does like BNB or Doge coin then the fictitiously feeling is to turn time to enable them invest.
Really I don't have experience in researching alt-coins or to invest in one, I at this time haven't invested, but I can see a pretentious act from organisers if there project is very close to another project which has done quite well.

In fact conscientious investors will immediately question the white paper and find out how they split the total tokens distributed. something else with them covering the white paper then what can we review?

it is difficult to find loopholes from impersonation which is almost never once suspected as a form of serial fraud scheme. and those of you who have skills in researching projects at least it has made you not rash in determining the investment sector in altcoins that is free from accusations of fraud.

Many alt-coins project are been dubious or brains storming easy success schemes to the entrapment if investors into there coin, I once asked or research coin creation process and I have so far understood that a good Dev and a scheme is what some project are doing this times, I don't know the privacy rights on a name of an alt-coin to protect them from impersonation.
But with schemes like
+ Close names
+ Close logos
+ Close white paper or road map even close mimicking the other projects strategies.
How does this work, so investors might see how an alt-coin was successful and they didn't invest, and now an impersonating project can come out some even present the scheme to be the more available/reachable  alt-coin than that which has grown. projects like this has only intention to mimick the other even if they don't have successfully strategies like the other, some lucky project like this has been able to be successful by this, but to an investor cheapness and profit are strategies they risk in crypto-currency, but from my experience project similar with another without any form, are just project made successful my much investors or influencers, and this project can drop when schemes are gone wrong or exposed. 
As an investor research an alt-coin by the alt-coin and not think it would be another --------- successful coin in the making.