Just to be clear, i didn’t invest in it based on hype. I got the hint that Binance would list it which was what prompted me. Who buy tokens based on hype these days ?
Of course! Otherwise, it just means you didn’t study the project before investing. But hype is crucial for attracting investors. And the fact that you have a hint it might be listed on Binance, that's already part of the hype. These days, when a project gets listed on Binance, it almost always experiences an automatic pump in the early days of trading.
So, the best move is to buy early into a hyped project with real potential.. instant profit that way.
The hype that is required to make a token early is not something that is guaranteed. There are plenty of stuff that got some hype and then ended up just losing the hype and losing everything. I have seen many results where people invested early and then lost bunch of money. If you do not want to lose money that way, then early investment requires a ton of research and a lot of courage and risk taking. If you are right, then you are going to end up making a lot of profit and you will think this is a great idea.
But, if you are wrong then you are going to lose money with the same exact strategy, in which case you will think you made a mistake and do not want to do it again. This is quite important part of the strategy, being right.