Most of the new project are not worth investment for the long term but for short term speculation it's a bit different as all these projects show growth from their support level when the overall market remains bullish, so there is still a chance to make money from the new projects in the short term. But you need to be extremely careful to choose the right project. Any mistake or biased pick can put your money in a bad situation, which can trap you in that project for a long time.
Yeah, they're not worth of investment but still many investors are there because they can make quick money from them. And after making money, they just leave the project and look for another one. To me, this is exhausting and I can't do that forever and that's why it's just best to stick with the best projects that you know on the market and for others to have the better shortcut and less effort of search, it's best to just do it with bitcoin.