Why are people scared of centralized projects too? I thought keeping money in exchanges is the danger?
They have a good reason why investors are afraid of keeping their coins in exchange it's not a false dilemma, there are present and clear dangers in storing your coins on exchanges after what happened to FTX, people should always be aware of the danger of custodial wallet and not owning your private keys means not owning your coins.
I have Cronos and Sologenic in my wallet and I believe even with the going FUD they will bring me good profits or is there more that I should know?
It's your choice and decision if you did your research and you believe that these two coins will yield you profit then it's good for you just protect your coins by doing the right thing and that is using a noncustodial wallet to store your coins of choice.