It is necessary to check all the information, especially what have already been done and how experience is the team of the project. Also important to check development of the project.
I agree with you but when market raise investors forget about all risks and hurry to invest not to lose the potential profit.
It is precisely against making quick and ill-considered investment decisions that the OP warns.
The fact that the price of a coin looks low does not mean that it will definitely rise when panic buy starts.
To reduce the risk of such a mistake, you should analyze the project and then maybe we will be able to find a real pump and a large profit.