It is really overwhelming to see the growing number of new projects but unfortunately, most of them are indeed worthless and have no use case to provide. Many had suffer losses because of some mistakes but we can avoid them if we have to do these things.
1. We buy coins not only because the price is low - many had thought that buying them in bulk gives them a good profit later.
2. We have to stop thinking about hypes - maybe some but not all of the new projects
3. Stop falling to scam projects - usually, people got tricked when seeing projects offer high rewards (good to be true) and most of them are just a lie.
4. Doing Research - we have to take this seriously as nobody had ever succeeded without this.
We'll i believe staying away from anything that involves : Flokis, doges , elon , inus should be straight canceled out 99% of them are straight rug pulls and the 1% i'm just giving the benefit of a doubt.
I've been looking into $ENGN more deeply lately since the BTC seems to be awakening again and find their blockchain implementing technology really innovative for the whole GameFi niche, and i'm also really tired of eth gambling sites taking all my money due to high gas fees so i'm looking at $LFI as well for their safe gambling protocol which is built on the Polygon network, no more 30$ gas prices for a 50$ deposit...