Every crypto bull cycle has its narrative. This time, it's the meme coins, along with the ETFs. As cryptocurrency continues to evolve, it increasingly becomes a breeding ground for high-risk gambles and potential scams, encapsulating a Wild West environment where investor protections seem minimal. This notion is exemplified in the case of the meme coin Watercoin, which was recently scrutinized in a comprehensive review by the cyberfinance rating agency PayRate42.