It’s humanly impossible to keep up with every crypto project launching this year, or even researching them to see which ones are introducing something new to the market.
And of course differentiating between hype projects that are heavily marketed on social media, but if you dig deep you’ll find that they don’t have any long term utilities.
An efficient way to save time and money when deciding which project to invest in are launchpads, since they’re basically giving you the advantage of being early on an emerging project, and will screen and examine every project for you.
We’re now witnessing the rise of decentralized and DAO based launchpads like SolanaPrime, meaning that community members are involved in the decision making of where their funds will be invested.
After suffering from 2 rug pulls in the past year, I advise every investor to not blindly trust emerging projects, especially projects that are being marketed by celebrities and influencers.