I disagree, every single new project has a significant amount of risk attached to it, now you may invest in the best new project available and the risk would still be high, as even if that project may have a lot of potential, that potential is not a reality yet.
Remember projects can collapse for all kind of reasons, like being hacked, one of the developers running away with the money, another similar project being released with better execution of the core idea of that coin and so on.
thats always the thing with investing in new projects, too much saturated with scams but some of them are indeed high quality like the ones coming out from reputable platform.
therefore you need to choose diligently which one is promising, otherwise it will be the same as investing in shit coin that should be avoided because of scammy.