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.
Yeah, specially about the hype thingy, I think this is prevalent in crypto market only, of course, there is hype on certain stocks, but crypto? it's very different. You can find a certain projects being hype everything and then later it will just die down a natural death.
Too good to be true projects are already a red flag, no need to take the risk and invest on them.
DYOR - the old adage but still very effective method specially if you are a beginner in crypto investments. Not everything that shine here is diamond or gold.