In the current dip situation, I want to put engage some of my savings into alt coins.
Never do it like that, it's too dangerous for your life.
Your savings must be for your future, not for cryptocurrency.
Please consider again to do that.
Although cryptocurrencies are proven to provide benefits, there are some risks that must be taken into account. Save some of your savings for the future, and invest a portion of it in an altcoin that really has the potential in the future. So, you have assets for your future by investing in altcoins.