Please don't bargain with the market!!!
If you observe carefully, you will see that about 50-70% of coins in the top 100 capitalization are "born" in the downtrend period.
For projects with strong narratives, the Fomo community often reaches the peak of capitalization when the token circulation supply accounts for about 40-60% of the total supply.
Therefore, you should calculate the ATH of the token based on the capitalization at the unlock zone of 40-60% of the total supply, not based on FDV.
Projects like this have a fairly low initial circulation supply, but many people still criticize because they focus too much on fullcap and forget that the current cap is small compared to the project's potential.
And then, while still in doubt, just a few positive news from the house will push it up. At that time, people will no longer criticize but will rush to buy with Fomo.
The market is always funny like that, when it's cheap, when it's sizeway, people curse and criticize this and that, when it's pumped, people buy regardless of the price.
In the end, it's just because of the nature of bargaining with the market, when it's down, they want to go down further to catch the bottom. When it's up, they jump in to catch it.
From the beginning, if you decide to bag a project and have enough faith in it, then focus on the rationality, don't try to buy the bottom and sell the top, that's bad!