Mining coin is often very important in terms of the team behind it and must have a community for fomo to be strong. A good example is Bitcoin Vault, they have a professional team and are always very active fomo. The price has immediately increased from $ 8 to $ 484 after 6 months of active activity.
but after such ridiculous price increases they have also encountered sharks selling off in bulk, prices now falling daily.
This model usually will not bring us long-term profit, only speculation for a few months to make sure profit.