the fact that most of the influencer nowadays are not serious when it comes promoting project and what they do is to keep posting click bait to gain viewers in order to have a good income as well, so it's definitely not a good idea.
For me probably it's a good idea to rely on the top 10 cryptos in the market and those projects that made good history in the previous run because surely after all you can obtain profits, even not 10x at least you have profits and your capital is in a safe place, and instead of seeking new projects because tbh its really hard to find gems nowadays..
Investing money in new project is just like a bet. You are never really sure of what would be the outcome but there is also the possibility that you might end up being lucky on your investment and that would be a cryptocurrency that would make 100 times increase in value in the nearest future. But this is never the case for most of the people, only a few are this lucky.
So, for anyone who is trying to do such thing, you just have to be careful and make sure that there is a lot of money to spare if you're taking such a risk. If not, the best thing for you to do is just keep investing in the top projects in the market and stay safe.