following Elon Musk is the same as we are gambling because surely you only follow the existing Fomo. do not do technical analysis. Of course this will be detrimental because several times in his tweet Elon Musk said that the current doge price is too expensive. It's better if you are interested in following, avoid altcoins like this which currently have high enough hype, because it will only hurt if you sell late
With the exception of social media viral and the short endorsements there, Elon Musk has never really made public his wallet and the amount of money he invested, the endorsement was not reputable enough and it almost changed according to his feelings. Exactly as you mentioned, avoiding these altcoins is less risky, although it may be as profitable as was the case with Dogecoin lately but we are not lacking in instances where there is a great loss after the hype ends, it is very difficult to control greed, profit and risk here
