We have had several hyped coins and token lately and many have been a victim of hyped projects that ended up crashing in not long after attaining a very little profit margin. Been extremely careful with how we go about our analysis will help save a lot. Just wondering why developers would come up with nice projects only to crash after a short while keeping investors in losses.
Often I find there are some projects that are just doing it for personal gain by taking advantage of the current market situation. I think there is no doubt that they create coins just for hype, they provide lucrative lure to attract investors, we should be careful before choosing a project to trade on any of the memecoins.