When it comes to investment, first thing we need to check is that, how secure your funds will be once you invest their, returns will be second check.
Specially in crypto market where all projects are startups, and if you get a project, which already made lot of progress with their plans and work is visible. That gives you some confidence.
Up, you're 100% correct in this statement, many people are taking advantage of this kind of projects, wherein they try to be real in first sight but at the end of the project, they will just rob most of the investor's money, Nowadays, many people are trying to invest on different projects because of the current market situation and I hope everyone is pretty cautious about taking a step in investing
Investing in the cryptocurrency industry has become more riskier than ever, considering the rate at which projects are abandoned. I would rather diversify my portfolio across several projects than investing in a single project even if it offers the highest reward or lesser risk. We need to be wise in making investment decisions to avoid running into losses.