I try to avoid them. I do not understand this fetish towards the "brand new" projects. I get that you may make 1000x even more returns if you struck gold, but that is so rare and yet a lot of people still test it. The amount of money lost on brand new projects that end up being a scam or failed could have been used on other big names and took them to a higher level. We do not have the total amount but if we took the total amount and used that to buy bitcoin, I am sure that we would be breaking the ATH price right now.

This is why I do not like them, even though I do not buy them myself, it still impacts the market enough to bother me and my portfolio as well.