Look at $FACEMETA Facebook Metaverse

[michellee]

Sometimes, I wonder why people are tempted to invest in a project that does not relate to something but uses the "name" of something popular like what @OP stated. It is very risky if he thinks that the project will gain attraction from the investors, although the number of the investors is increasing because that is not proved that the project can give you profit in the future. Maybe you need to give time for the project before you invest to see if it is good or does not have to think to invest in it.

[shinratensei_]

The price is dumping so hard and i see that so many of these shit coin hodlers are feeling panic after a big dump that happened with it. It seems like the whale who has been pumping this shit coin already cash out his profit from pumping this token. I will not be surprised that if this will become another shitty project as soon as whale will be leaving from the market. The dump is still continuing at this moment.

Sometimes, I wonder why people are tempted to invest in a project that does not relate to something but uses the "name" of something popular like what @OP stated.

I would like to call those who have been buying the garbage tokens like this as gamble rather than invest. I have some conversations with some shit token buyers and they were saying if they wanna get tich by spending small amounts of money and multiple it through shitcoin. Basically, they are gamblers and not investors who think about the fundamental of the project.

[MuffinMaster]

Sometimes, I wonder why people are tempted to invest in a project that does not relate to something but uses the "name" of something popular like what @OP stated. It is very risky if he thinks that the project will gain attraction from the investors, although the number of the investors is increasing because that is not proved that the project can give you profit in the future. Maybe you need to give time for the project before you invest to see if it is good or does not have to think to invest in it.

I think the explanation is very simple. They are driven simply by greed and / or stupidity. Probably most of those who invest in such projects are people who are just starting their adventure with cryptocurrencies and have heard, for example, about the success of SHIBA INU in recent months. They think a project with a famous name will copy success. However, they do not realize who and why created such a project. Most often, of course, they lose money.

[ScamViruS]

Not owned or affiliated with facebook or zuck.  Putting it on the watchlist.

Why putting it in your watchlist? Whats the point? Did you invest in it? As you said it is not affiliated with facebook so it was made by other company or people. The name was taken or imitate in facebook to gain attention but i think this is like a scam project like squid game after they collected money they’re gone. Please beware if i were you don’t waste your time watching that coin focus your attention to other solid projects.

It's okay for speculating because there are a lot of new investors in crypto who would like to invest blindly just in case they love the name or the name of the token realted to something that they like. Any shit projects could generate profits nowdays with the right timing, so don't planned to invest for a long time for this kind of project but monitor the market and the hype is okay to find a chance to make quick profits.

Where there is potential for rapid profits, the level of risk is even higher. So investors who are waiting for such an opportunity must be aware of that risk. In recent times a lot of projects have come in the market and left the market by influencing people in the wrong way and gaining their interests. And investors who have spent time researching have not fallen into this trap.Therefore, it is important for investors to be more vigilant so that any new project does not affect them in the wrong way.

[tarable]

copycat or duplicate of a name like this is usually to get free advertising from real project and by reason of this project has nothing to do with the real facebook metaverse project so it's clear to me this project is targeting novice investors to be scammed, they are fake projects using popular names as if they are closely related, this is something we've seen so many times it's usually used by meme coins.

That's right mate, I also completely agree with you because in the past there have also been very many things like this where many projects use names that are almost similar to projects that have been successful, even though in reality and in general they have absolutely no connection at all closely with projects that are already popular.

[Teraboy]

It's just matter of time until this token will be rug pulled by scammer like so many scam tokens in the past. People are so blindly buying everything and even some people were taking loan to be used to gamble in the shit coin like this. Some people who bought at the peak price must cry right now to see how much their investment in this scam token.

Do people lose their brain these days? they were always getting trapped in the same mistake anytime Any project that was imitating the name of popular project can be seen as suspicious project. Too much gamblers that are playing in the shit tokens area and they are making the scammers wants to issue more and more shit tokens.

[michellee]

The price is dumping so hard and i see that so many of these shit coin hodlers are feeling panic after a big dump that happened with it. It seems like the whale who has been pumping this shit coin already cash out his profit from pumping this token. I will not be surprised that if this will become another shitty project as soon as whale will be leaving from the market. The dump is still continuing at this moment.

Sometimes, I wonder why people are tempted to invest in a project that does not relate to something but uses the "name" of something popular like what @OP stated.

I would like to call those who have been buying the garbage tokens like this as gamble rather than invest. I have some conversations with some shit token buyers and they were saying if they wanna get tich by spending small amounts of money and multiple it through shitcoin. Basically, they are gamblers and not investors who think about the fundamental of the project.

Indeed. Real investors will not easily invest in a project they do not know for details and will not gamble for big money if they are not sure. Those people want to make fast money by investing in that project but they do not know the risk so they think that it is okay if they lose for little money. If they still do that again, I think they will not profit but will get another loss. The token @OP mention is down and does not know if it can increase back or will still go down.

Sometimes, I wonder why people are tempted to invest in a project that does not relate to something but uses the "name" of something popular like what @OP stated. It is very risky if he thinks that the project will gain attraction from the investors, although the number of the investors is increasing because that is not proved that the project can give you profit in the future. Maybe you need to give time for the project before you invest to see if it is good or does not have to think to invest in it.

I think the explanation is very simple. They are driven simply by greed and / or stupidity. Probably most of those who invest in such projects are people who are just starting their adventure with cryptocurrencies and have heard, for example, about the success of SHIBA INU in recent months. They think a project with a famous name will copy success. However, they do not realize who and why created such a project. Most often, of course, they lose money.

Sometimes, I think the same as you. That is because of greed and wanting to make money in a short time. But we can not force them to stay away from that project, especially if they already made a big profit before because they want to repeat what they got and back to make a big profit again. Shiba Inu is a perfect example for those people and that is why they will always want to invest in a project like that. We can let them decide what they want to do.

[Silberman]

Not owned or affiliated with facebook or zuck.  Putting it on the watchlist.

Don't you think that was a redflag even the creator of this shit coin was blatantly mentioning facebook on its token? Look at the price and it's dumped again now. This may become the next rugpull tokens. Those who have bought this garbage tokens look so pathetic in this case caused by they didn't even know how to pick a legit token. This is just another metashit tokens that purely created based on the hype on metaverse.
I don't know why so many people are also loosing their brain in this case. They can't even think about the possibility of this was a scam token. You must stay away and secure your money if you have been putting your money in this shit scam pump and dump tokens. Those never learned from so many shit tokens that already dead caused by those tokens have become scam tokens.

As incredible as it may sound most people that are investing in those coins are thinking on nothing more but to obtain profits, they do not care at all if the project is  in fact not affiliated with Meta or anything they just want their profits and nothing else, but we know that people with that mentality are never going to make it far in the market as sooner or later their infinite greed will play against them and they will lose their money when investing in projects like this one.

[ScamViruS]

In my opinion, the most important thing is also to research the project very well before investing. Following the name alone is, of course, complete irresponsibility.
I remember that I had a very bad opinion about SHIBA INU as well, and yet he was very successful. I am not saying that this project will be successful, because most of these types of projects fail. But sometimes it pays to risk a few bucks..

Every investor has his own opinion and his own choice. In the last few months we have seen some coins / tokens perform in the market in a way that was unexpected to many. Many investors have made huge profits from those projects which were not possible to make so much profit from any other project. So taking risks can be successful in some cases but taking risks in such projects is very risky because there are a lot of fake projects in the market at the moment.