If the network is cheap, of course it will attract fraudsters to create fake projects that are used to seek personal profit by deceiving other people. what we see currently happens a lot on the BSC and Solana networks.
Yeah, the cost of deploying a new smart contract and creating a new token on the BNB chain and Solana is very cheap compared to Ethereum, and investors also find it easy to participate in new projects on new platforms because transaction fees are not as expensive as on Ethereum. In addition, the Ethereum ecosystem is no longer developing as strongly as it did a few years ago, while the BNB chain and Solana are seeing more projects and user activity.
In this bullrun, I am sure that we will have hundreds of new projects on the BNB chain, and the majority of them will be scam or low-quality projects. Investors need to be very careful in analyzing projects to invest in. If you are unsure, just focus on the most reputable tokens, such as BNB, CAKE, and TWT.