Also, not investing in any projects with no products, or actual useful developments.
You know a ton of altcoins is overvalued, when they are positioned at the first page of Coinmarketcap, yet has never accomplished anything.
You know you're sitting on a literral goldmine, if you find a project with actual development, sitting at rank 400+. HINT: Stakenet (XSN).
Wont even try to explain what they do, because the majority of you wont even read it, but to make it short: Leading innovation on Lightning transactions, (Lightning DEX, dApps, and more).
Do your own research
I will research the project you just listed, no hard in doing some thorough due diligence and learning about some projects with use cases. I will no longer invest in any project right now and only will collect what I can for free. Once I am in a financially stable position I will divide any profits into segments, low risk: Buy stablecoins and place in Nexo to get 8% interest annually, medium risk, buy some large-cap coins like Bitcoin, TRX, VET, etc, some that also give airdrops as it helps grow some bags. Do some smaller 30% of my profit into medium and small-cap coins with great potential and dynamic teams. I will NO LONGER EVER invest in fully centralized projects run say by one man who can control the token or coin any time and lock our funds up. From now on will only ivnest in projects that have high liquidity and I can buy or sell their coin/token with ease and at any time.