Yes, it is true that there are many investors who are carried away by the current trend of hype without doing fundamental analysis as a benchmark for investing. Unfortunately, the hype trend is really stealing the attention of new investors who want to get instant profits. In general, I think 90% of cryptos are shitcoins.
Beginner investors will be easily swayed by hype trends and that's why we need to learn a lot,
as a trader or investor need to learn to do research and fundamental analysis,
stay careful with hype trends if you don't want to lose money easily
Yes, it is true that only novice investors we have met so far are willing to put their funds into the shitcoin hype because they are too greedy and hope to make big profits in a short time with shitcoins without diversifying their portfolio, but if for people who are already familiar with the market and already have a lot of experience sometimes following the hype can make them profit because they know what to do with the hype coin.