Chasing ‘hot shots’ is less likely to make you rich!

By Dzoelx | Cryptocurrency Scripts | 30 Aug 2023



Off to the market! And what are we buying today? The most popular cryptocurrencies? The Memecoin season has surely caused a little buzz with a few projects coming out on top. PEPE is a worthy mention, you will certainly here about it again soon…

Pepe, AIDOGE, and BOB…each of these projects did hit the ground running with the mouth-watering gains they posted. They do this despite not having any tangible use case…well, memes and ‘charity’ are good use cases nowadays. Anyways, ‘numbers go up!’.


Hey, before going further, have you Followed us on Twitter?

So, you are going to ditch your stable coins or some of your previous investments for the ‘next 100x’? It’s human nature to chase trends, and the fear of missing out is a huge drive. Investors rush to these hot shots with hopes of reaping from the next possible gains.

This works, sometimes. It’s an uncertain market anyway, and anything is possible, but being a successful investor hardly comes from jumping on trends. 50% gains, the rush kicks in. Speculators take the space, and the project in question gets mentioned everywhere. The trend goes on; enthusiasts buy in with only a little idea of what the project is really about.

TA analyses, hypes from influencers, and gains on trading pairs…these things are enough to sweep anyone off their feet. But regardless of how hot the hype blows, clever investors will certainly do their research before buying in.

What’s your ‘hot shot’ story? Various tales will surround the rush. Successful or not, conditions differ. But…

Cryptocurrency trends are birthed by an idea or concept gaining relevance over time. Memes, DeFi, NFT…these ideas existed way before they caught the attention of the greater number of people in the space.

The real gainers in any case of these concepts breaking out are the pioneers who believed in these ideas and supported them with their time and their capital. Being amongst the pioneer investors in any concept could fetch you over a 1000x gain, as the case may be. This, however, comes with its challenges.


Chasing trends keeps an investor ‘restless.’ Traders are meant to do this normally, but investors who buy tokens with a plan to hold on to them until the gains start coming are meant to exercise patience. Patience is a joke word for an investor chasing trends.

2-5X gains (or some terrible to manageable losses), and the hype dies; then unto the next one. A patient and more enduring investor who does enough research probably already made some crazy gains from the same project and is still holding on, knowing the hype could return with even heavier waves.

Chasing trending projects puts an investor in the way of higher risks and lesser gains as the hype and trends are naturally meant to cool off at a point. Buy high, sell low…a common story amongst trend chasers.

Cryptocurrency investment gives room for countless opportunities, but reaping from them would require clever decisions and a lot of patience, too. The more time you spend chasing trends, the more risks you’re exposed to and the more losses you may incur.

Depending on how far the project goes, a lucky investor might make tangible gains from chasing trends, but that only means that a patient investor who invested before the hype kicked in already made way more. Well, it’s better to make little gains than to miss out entirely, but most times, things don’t work exactly as presumed.

Follow up with CRYPTOCURRENCY SCRIPTS to stay refreshed in the crypto space with comprehensive articles and important tips.
Hire a freelance writer

How do you rate this article?



Drinking coffee and writing about cryptocurrency.

Cryptocurrency Scripts
Cryptocurrency Scripts

Discussing crypto and blockchain. Follow us:

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.