Imagine you have $4000 to invest. What are your thoughts about investing just a little amount (~$100) in every altcoin in top40 which price is still under $1? Wouldnt that bring some profit after few months? I am sure at least few of them would get pumped x-times above $1. Also not all of them would drop to $0.
Any thoughts? Could that work?
No, I don't think that's a good idea. You'd get some good stuff, but also some rubbish (I'm looking at you, Bitcoin Cash!).
Also I don't see how the under $1 part matters. Under $1 usually just means a lot of coins in circulating supply. It's more meaningful to look at market cap.