Is Ethereum Meta a Scam or Legit? One major drawback of Ethereum is that it lacks the privacy that many other cryptocurrencies have. The Ethereum Meta (ETHM) platform aims to solve this problem by enabling Smart Contracts which are fully anonymous and can’t be seen by anyone – not even your friends, family, or worst enemy.
The ETHM was on the top of the popular Ethereum network. According to its official website, ETHM promises direct anonymous payments between parties. The team also claims that transactions with this currency are not only private but also coexist with the popular ether currency.
The Legitimacy Analysis of Ethereum Meta
Cryptocurrencies have lost more than half of their value in just a matter of months. The most famous ones like bitcoin and other are still unable to recover from the market punishment.
However, the crypto Ethereum Meta does not stop rising. In a few days, it grew by more than 15,000,000%, according to the popular crypto site – Coinmarketcap.com.
It remains unclear whether this sudden increase is due to success or it is yet another scam. The price sudden surging certainly raises a red flag for those who are planning to invest in ETHM.
Due to massive price swinging within a matter of hours, there is a high risk involved with these investments. Experts have raised concerns about the long-term viability of ETHM. They advised investors to be mindful and cautious while investing in these tokens.
One of the cryptocurrency review websites, isthiscoinascam.com, has given the Ethereum Meta project a D in the safety score. Most of the users have left 1 out of 5 stars rating.
Some of the problems users complained about are that they do not receive the coins for cashing out when converting from ETHM to ETH. It means that investors can’ t reap any benefits from the price spike.
You might initially believe that Ethereum Meta started as a legitimate project, not a scam. After doing some research, I tend to conclude that it was built to be a pump and dump scheme.