Have the “Lambo” Times Come to an End in the Crypto Market?11.39

The crypto markets are going through turbulence – prices are falling, traders are panicking and companies are losing money. Bitcoin plummets below $4,000 for the first time since last year, putting an end to the months of “stability”. Altcoins are following the same pattern. Not much ground for optimism, hah? Apparently, someone disagrees on that. Despite all mentioned above, some crazy Japanese, decided to start a giveaway of a symbolic Lamborghini and 1000+ prizes. Nevertheless, what is behind this contest? Is there any trick?

Those who’ve been through thick and thin, know those giveaway announcements are a beloved tool of scammers. It is enough to remember the number of fraudulent bots giving away Ethereum that littered almost every crypto post on Twitter. In the case of the Japanese campaign, there is an actual competition behind it – a trading challenge. A company called Nagezeni starts it just right after listing on a crypto exchange Coinsuper. In short, participants should trade with NZE token and the higher their trading volume is, the better the prize will be. They are claiming that the best of the best will be rewarded with nothing less than a Lamborghini Huracan Coupe, leaving a couple of exclusive and super expensive watches and 160.5 ETH to the rest of the 1000+ winners.

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