Yes, of course, you can always invest in new and promising projects, but you need to take into account all the risks.
Crypto investing belongs to the category of highly risky operations. Everyone knows that. Here there is a chance to make huge money and lose money.at least if we can't reduce the risk, we will have a better portofolio my friend,,
so, make a deep research before investing absolutely needed
technically i don't think the chances of loss is that huge as exaggerated above, if you are investing on this project it is not directly going to the wavesx but you are indirectly investing on waves which is the only way to get wavesx airdrop,
if you don't hodl waves, you don't get wavesx, if wavesx happens to be another disappointment you still have your waves and can sell at anytime, also if wavesx happens to be a success, then more lambo's for you
win win.