I've been following up on tokens that makes it on the top gainer list for two weeks now and I spotted a particular token; $PASTERNAK making it on this list twice in a row.
As an investor will this be a signal for you to invest in such a project? It's true, I'm currently FOMO-ing on this particular token and want to trade it on Bingx within 72 hours to qualify for their hot token event but I need to know what you guys think.
I personally will not invest large amounts in tokens that do not have clear uses and even many do not have them at all, because the risks faced are very large, the reason people buy because the token is hype and many people start to be affected by
FOMO then buy in the hope of getting multiple profits in a short time, this is a mistake, because early buyers are the most profitable people here, if you are a late buyer, of course it is very risky, most likely you will only be the exit of liquidity from early buyers.
Plus when a token loses its hype the price will drop significantly gradually, like the $TRUMP token, those who have benefited will look for other tokens with more potential.