Don’t be deceived by thwart people are making from new project, FOMO is always giving a great effect on investment because if you are too eager to invest just because people are making profit from the projects, you might not be a lucky person and might end up losing your money if you do the investment.
Yeah, the FOMO is real with these new projects. They are playing on the emotions of many investors and if you are wrong with that choice of yours, you just thrown money on that project but you have made the pockets of the developers fat again. The risk of losing money into the new projects is high and that's why if you are for those, you better make sure that you are investing to the projects that you know and you've conducted some research before investing.