It's true that not all new projects are bad, but before investing in new projects, we really need in-depth analysis so that we don't get caught up in fraudulent projects that make us lose. But a good project that lasts in the long run is one that has strong fundamentals and has good utility and the team always solves the problems at hand.
totally agree with your opinion, the risk of investing in a new project is very big and we must really do research before investing, but if we choose the right new project, then of course the profit we can get is also very big (the price increase of 10,000% can really happen).