Do you search for and look thru new cryptocurrencies of the day every day? The prices of newly launched currencies should have no choices other than rise to multiple times high. These currencies may not have long-term pontential. Invest 10k in such a currencies, dump them and make big money in short term.
There were altcoins which skyrocketted to 100 times higher in just days.
Very old altcoins may take very long time to achieve multiples. Even like eth, ltc. They wont go to 100 more expensive anymore. But very new cuŕrencies can.
I think top ten old altcoins have achieve saturation.
Is this your investment strategy?
If you have the eye for a coin that can get high as 100 times then it is okay, but if the project fails which somehow is the case with most of the new currencies out there and you have spend lot of money with it, then old alts are way better than that. I would probably bet it in some casino online than to invest in no assurances new companies that are popping recently. That way I would know where my money would go, instant lose or win, rather than tracking someone that don't to be trace and ran with your money, enough of that.