In this market I will rather invest in new born projects with potential than sticking with projects that have already did 20x in last bull run, to maximize huge gain you have to forget big projects and choose small ones, pretty risky but very effective when it comes to return if investment.
The potential for huge profits from new projects is real, but it is important not to forget that the risks are also huge and not everyone is in a position to accept them. Success rate of new projects is too low, 100 new projects will probably have 1 successful project and to find the right project is not easy.
I also invest in some new projects but don't put too much capital, I focus on bitcoin and eth, just need a small amount of capital to be able to participate in new projects and shitcoins.