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Most people just take the benchmark for good coins on social media, without making their own studies
There could be two reason. there are new comer who doesn’t have proper knowledge, they just saw such tokens and collect those even investment on those without knowledge. Second one is, there are some people who know about crypto but they want to verify those from people and i think this is the best way to learn. Although some are create thread for nothing but promoting tokens.
for example, shiba is even more based on the selling price, compared to last year, so how can we make long-term investments, if speculation is relied on, then I'm afraid the investment will not produce anything.
there are some exceptional coins too who hold good position for nothing. I assume those shitcoins won't stay for long term. And you are right for the purpose of investment. speculation Should take as idea, not a investment advise. Should Study before having any step