ZachXBT Critiques the Hype Around Promoted Crypto Lists
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According to ZachXBT, the lists promoted by certain individuals in the cryptocurrency space resemble past promotional tactics like McAffee's 'coins of the day', Ian Balina's ICO sheet, or Bitboy's YouTube moonshot videos. Although these lists currently lead to price increases for the featured coins, ZachXBT suggests that this is due to hype rather than intrinsic value, and traders should be cautious.
SourceZachXBT
@zachxbtZachXBT is an Pseudonymous independent on-chain sleuth who is popular on revealing bad actors and scams in the crypto space