Investing in the new project is very risky, it can turn to scam or the project will be dead soon but also profitable if you are lucky. I don't know if this project that you shared is legit but it seems this one is another meme coin. If you don't want to lose your money then you should not invest in the new projects, you better invest in bitcoin or ethereum.
In my opinion, don't judge new projects as bad or very risky, indeed many projects are scams or contain unpromising elements in them, but according to my observation there are also very many projects that are true or good.
Moreover, if there are no new investors, it will definitely not develop and over time new crypto projects will definitely not develop too, so for the problem of investing in new projects it is very risky maybe this is my opinion and advice, if you want to invest in a new project and you doubt it scam or not, the first step you should take is to check the project carefully, so in conclusion you should be careful with any new project you want to invest in.
and I also agree with what you said above if you don't want to lose your money, then invest in Bitcoin or Ethereum, and maybe BNB is also a place to invest.