Hi,
the altocoin market is so variuous and there are dozen of interesting projects that can be supported.
But i'm a little investor (500$) and i'm seriously thinking to put all my money in only 1 project I think is very good which curretly is in the top 40 of altcoins. I don't want to say the name because my topic wants to be very general: what do you think is the risk by doing so? Should I invest in 2 or 3 coins instead?
Thanks
Yes it is too risky.
At present, the crypto market is very volatile and hence investing in one coin can lead to more loss than investing in 2-3 coins as every coin has different stats going on currently. Some coin is seeing an increase and some coin is seeing a decrease in its market capital.
You can consider Ethereum, Litecoin, Monero to invest in as these coins have great potential. Ethereum has a potential to cross the $1000 mark by the end of 2018 and is the best alt right now. The coin holds a market capital of $21.8 billion and is also been adopted by major companies like Microsoft, Intel. It is good coin to invest in.