I saw Cake at 0.5 and thought that was overrated, after all, a financial project called "Pancake" with a token called "Cake" couldn't be serious. I followed it for 1 month and when I saw it, it shot to 8 dollars, so I waited for it to fall and bought the 6. It was one of the best moves I made, but still, I ended up missing the timing, because it reached 40 dollars and I ended up selling it at 15, in that insane fall
That's investing blindly with looking only at a coin's name as a parameter to invest in a Cryptocurrency not all that sounds like Bitocin are worth investing in the past there are so many coins named after Bitcoin but ended up as pump and dump coin, do your own research and check what the coins are bringing to the table even if the name sounds scammy.