Gone are the days when Investors blindly invest in projects based on the recommendation from exchange. Early 2017 when the whole market was bullish that's when this strategy worked perfectly although it was mere gambling as no concrete proof of such strategy been repeated in other market conditions and it'll produce profitable result. The IEO hype also brought back this strategy but it still failed.

Exchange don't have your interest at heart, they're only interested in your fees and making money from your engagement on their exchange that's why most of them don't care about the project they list provided such project are capable of paying the exchange listing fees. Investing should be based on personal research and not in some mthy or assumption.