Re: Should I invest in new projects.

If I were you, then I would not invest in this coin, especially if you are afraid of losing your money, so of course it is not the right choice to invest in this coin, because this coin that you want to invest is meme coin,

Totally agree with this opinion. It's better not to invest in a project like this or other projects that are similar to this, especially this one. The risks are too high. Meanwhile, the OP himself has experienced a lot of loss from previous investments... That should be a very valuable lesson.

Do not invest your capital in meme-coins and in the projects that have just launched and haven't listed their coins on any exchange. The investment in such coins will result into a big loss for you. Only invest in the coins that are listed on big exchanges with high 24 hour volume to save yourselves from loss. And the coin you guys were talking about is a shitcoin so don't dare to invest in it.

The belief that makes people invest money into such projects is that they have the potential to provide you with substantial profits in a very short period of time which isn't the case with already established cryptocurrencies because they move slowly unless the market is in the bull run when almost every coin and token goes up. However, people ignore the fact that the risk with such coins and tokens is extremely high and there are more chances of losing the money than gaining something with it.

These people are also inspired by the performances of some similar tokens and coins that were released in the past if we talk about meme coins, Shib and PEPE performed exceptionally after they were overhyped by the community and now they have become the reason why many people throw in at least some money into every single meme coin they come across.