I have mentioned multiple times in past here that people should be cautious with alt coins. If some coin has moved up like 100% or more in just 24 hours, it does not mean that you should also purchase the coin. You should first understand the reason behind prices moving up. Then, you should also analyze the benefits and demerits of the project.
One such option has come again in safemoon. The coin has pumped more than 100% when they reduced fees from 10% to 1%. Now new investors are rushing to invest in this coin. This is the situation when the past investors in the coin are like in 99% loss of their invested value. But greed make people loose all senses I think. If you are still thinking to invest in safemoon now, think twice.
Your advice is quite prudent, specially in the volatile world of cryptocurrencies, it is crucial for investors to approach investment with the clear understanding of the factors driving the movement and underlying fundamentals. Investing in meme coin cryptocurrency which is very risky as such coins have no real life use case, think twice, conduct through research and make risk assessment before putting in your hard earned money in such projects.