Yeah, new projects and alts are usually a grave for depos.
It may be a side hustle, but the main thing going on should be the accumulation of BTC, because we all know for what BTC stands for and that it would be worth it in the end.
It’s been some of the easiest way for newbie programmers in cryptocurrency and I mean that in the sense of the word, it’s been a way to reap genuine investors and those that hopes to get something out of cryptocurrency without really knowing what cryptocurrency is about in the space. Even then, you still find people who are more than willing to go with it, given that they still find it cheap.
If your to look at it, it’s not as cheap as they really think, you have lots of analysis on them coins to do which might still not be right and you end up buying one crap after the other, throwing good money in a bad project when, you could have just been buying Bitcoin using DCA and hold.