In 2022, a year that was plagued by scandals and major losses, cryptocurrency investors were harshly reminded that prices can fall just as fast as they rise. In addition to the rapid decline, some cryptocurrencies even became completely worthless. 

These events, although painful, in hindsight will likely be remembered as a necessary reality check that a majority of the cryptocurrencies in circulation today are highly speculative investments. 

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Source Fool.com