Do you just follow memes or do you focus on the utility and team?

I’m a fan of Boson because of the team, the benchmarks they hit year after year, what the protocol stands for and how the utility functions. Also, the market cap is low enough for a crazy moon. (Win-win potential scenario imho).

I also like coins like iotex because of the team behind it.

Then I see people throwing insane amounts of money at total moonshot meme coins that don’t even have a website or a team of any consequence.

Is the idea to just predict what’s hot because everyone else will buy it then sell before it collapses? Or are people investing in coins that could moon due to their intrinsic value?

The moonshot meme coins seem like a game of hot potato / “greater fool theory” / Ponzi scheme.

I just don’t understand the intersection between value and profit for most of these coins if there isn’t a quality team attached. (Anything could fail, but without a team it’s just a fad.)

I do realize that coins like doge and maybe shib did start as just a meme without any particular value inherent to the coin and became so big that there is now a growing momentum for them. But my question to the community is why invest in anything without a utility and a team / white paper / active social accounts?