Am believing layer one coins with good tokenomics such as Dot would make 2x to 5x maybe should be watched.please I'll love your opinion on this.
If you believe the layer on the coin is 2x-5x with a good token mix, then it has an upside. But the trouble here is that altcoins cannot be confirmed. We can identify, in general, which direction the subject may go. But we are still determining if it will be 100%. Before investing, you must do it with the highest level of thinking. Risks should be taken knowingly, and investments can never be made randomly.
the FOMO pump causes any alts to rise quickly.
Once there are news that are significant to these altcoins, there's a likely that it will cause a pump and emotional panic into buying.
without researching and thinking about the risk when buying at a high price is a fatal mistake in crypto I think, because this will actually cause losses
It's OK that FOMO can pump up altcoins at any time, but I think it would not be brilliant to buy altcoins without doing your research, even if there is good news because there is nothing to say about them. I don't need to find out when it will happen. They become a cause of psychological risk.