Once the whales manage to hits the price starting at x100, it's already a trap and people will be get attracted and that's the start of the rise.
I'm not saying don't trust these coins. Just a reminder that it's more prone to rugpull.
Also, I don't know where people are coming from when they say a specific meme token is undervalued.
What is their basis for giving such recognition to a meme token without any valid use case in the market.
I think this yet another meme token is just trying to achieve what SHIB has attained so far.
But even SHIB, what do you think is its use case that will cement in this crypto market?
They don't really offer something in crypto space, except the usual pump and dump scheme and making money for those people behind. And unless you really know what's going behind, newbie investors should be very careful not to get trap from this meme coins. Dogecoin has set the trend and now everyone wanted to get on-board. Feeling sad for those newbies who are going to lose money in this kind of hype.