I certainly agree with your suggestion. We should always look for a promising new project to invest in. Pioneers or the first one to hop in a promising project always gets the best pie of the rewards. But there should be things to consider before investing because new projects also have great risks attached to them.
According to this article[1] we should consider the following:
- Understanding Crypto Fundamentals
- Project Website and Social Media
- The Team
- White Paper and Road Map
- Major Investors
- The Community
- Circulating, Total, and Max Supply
[1] https://time.com/nextadvisor/investing/cryptocurrency/how-to-evaluate-any-crypto-coins-potential/