Probably is, in an unregulated industry like crypto most coins are scams. Some might be longterm scammers where they keep ya thinking you'll get rich one day soon. Then there are the quick and dirty scams that just take your eth and that's it.

Also if the coin is built on ETH for high transactions could be an indicator that its a scam https://blog.stellarx.com/the-great-filter-why-you-shouldnt-build-on-ethereum/

This is probably a bitcoin fork so a bit better but time will tell. Remember ICO got their eth at the peak and it seems eth is about to tank so many are selling. I didn't study the coin much so...