I would lean on the side of scam as well for the crypto market as a whole. Whether it is a scam or not it has definitely been shown that you can make a sizeable profit from these market, which is why people are so intrigued by it. Blockchain technology has intrigued many large companies into exploring if the technology can be implemented into their business. Time will tell if crypto is a scam or an idea that has the potential to become legit in the future.