New projects are offering big deals, that's why many people are attracted to new projects despite the high risk. Only a consultant or expert in crypto currency investment cannot give you an accurate analysis of new projects. Cryptocurrency is a risky space as there are more or less risks in different coins. Investing is always a personal decision, but before that do a proper analysis of the coin you are going to invest in, then you invest be it new coin or old coin. Currently new projects are failing more so if you have extra money you can do it even if you don't have any problem losing it.
I prefer to invest in old projects and have entered the top 20 of CMC only. Of course, new coins also have new opportunities provided that if our choice is smart and correct in the sense that we have checked everything, there is a big chance that it will be successful, but if our choice is only based on the lowest lower price today, for example, then we buy I think many failures could make the landslide even worse.
Whatever is earlier and takes longer for hodlers, there are a lot of people interested in it compared to those who have just arrived. Another reason is that if we have been around for a long time, we also know the price history, the ATH has been set and the rate of decline is also measurable.