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haha dear, let me share one of my experience about investing in new projects. I have taken two trades from the time I am in the crypto space and after that time I am just holding my assets majority of my assets are in Bitcoin and the minority of my holdings are in altcoins. Well as far as I remember, these two projects were listed on binances and after when it was listed, I invested in them and to be very honest those gave me nearly 2x profit and I believe that was my luck because I am not a good trader.
That experience was like my eyes were closed and I was aiming at such an object I don't know the exact place of it and I fired randomly but in the end, it hit the object unexpectedly or luckily haha, That was my past experience I shared. Dear, I would advise you to conduct good research before investing in any of the altcoin projects because investing in altcoin is a very picky part and needs the attention of the investor.
Yes everyone can be very skeptical about altcoins involvement because the promises can be too real to be true, while most persons may prefer a new projects others may prefer old ones, for me I would prefer an old project that has proven worthy of it's potentials than a new project, however in as much as risky altcoins involvement may be it is better to be scammed in an old project than a new project that you didn't no much about.