For some people who already have experience, investing in new coins or tokens is high risk because there have been many incidents of scam projects. If the new coins are listed on the exchanger and have a large daily transaction volume, I think the risk is getting smaller and can be used as an investment for short term because we don't know the real market cap value
If new project but their token is already listed on a large Exchange then I think for long-term investment also very suitable, Because I see every new project, there will definitely be a moment of Pump price, like in Function X (Fx) project, And some other good projects always have a Pump moment when listing on the Exchange.