Do you know how scammers capitalise on trends? For example, currently, a couple of bot projects are doing very well. There are so many more projects coming with additional or new bot features. That means bot projects are trending right now. Because investors made a decent amount of money from bot projects, now they are seeking more bot projects to make more money. Here, scammers and project farmers are active. They want to capitalise on the current trend; they make some fake promises and launch projects. Investors still think they could make decent money again from these trends. Especially those who missed previous bot projects that did a couple of Xs on the exchanges jump when they hear this is another bot project. When raised funds, scammers just skimped with funds as usual.
What do we should do? Because when you joined the trend, project farmers scammed us. That's how trending will end up, and investors will lose their funds. I will suggest you don't just jump into trends. Make sure the projects are solid. It's just not about bot trending. Pepe also did well, so many Pepe tokens have been launched. That is almost dead, but Pepe is doing good. Those launch later, and investors lose funds there. Don't be greedy, because everyone can't catch the trend. If you are late, you will lose. Rather, I would avoid any investment in brand new projects.
We can observe that this is really happening since there are project copy the technology presented by a successful project who gathered tons of money came from there supporters or those coins gain outrageous pumps for past couple of days. This is the reason why we need to be mindful always and never think about that those copy cats will also pump the same way on their copied project. Although there are some may give us a profit due to hype but we make sure that we never try to think about holding it since this scammers quickly moves once they already got millions of funds on their project.
Much better if we just ignore those project joined the trend especially if they can't present a good plan towards developments and other important details to sustain their coin since for sure 100% they will just abandon their investors once they hit their target threshold.
