I always thought that initial coin price is not important, because there is no difference between buying 1000 coins at $0.001 or 0.001 coin at $1000. Buy most of my friends who are newbie in crypto prefer buying low cost coins ("BTC is already $15000 but Rillple is still cheap").
Maybe that means that new people coming to crypto would prefer new altcoins (especially altcoins with lower price and more total supply) rather then BTC, ETH and other > 1000$ coins?
Also with cheaper coins it's simply easier to calculate whey purchasing something with crypto. I'm sure everyone is using calculators while trading on BTC/* pairs))
It's part of basic trading principles and some may even argue, part of common sense, that stocks or coins with lower valuations have more potential to "moon" or increase in value. However, this is not always a great strategy because low value coins are most often valued at a low price because they have little potential to grow.
To lessen the risk, investing in low value but HIGH VOLUME coins may be better.