I have a lot of questions about the cryptocurrency market.What is the role of so many cryptocurrencies?I feel that there is no other use besides hype.
Of course there is a role for every crypto currency being created and you can see that in their whitepaper.
It is just that this new currencies cannot surpass the softcap to continue the project or they are pure scam from the start.
Anyway, it depends upon you. You have the chance to research them first before investing with them.
Make it 3 to 4 times of checking before you hand your money to them in exchnage for their token.
Higher risk could mean a higher profit but it is dangerous.