Altcoin is not increasing for so many days. New money is not coming in market.So Always invest in good Top 30 Altcoins for being Safe.
I think the new coins also have a big chance, but you have to be smart in choosing those coins. If the top 30 coins, I think the price is controlled. Look at the daily charts, everything is almost the same. I used to think the same as you, it turns out when I learn more, and try to invest in new coins, the profits are far greater than the old coins.
But investing on new coins is a lot risky than investing in a major old coins. You need to be very smart with your research in case you want to turn your money to a new coins or a new project.
As for the bleeding of the market, it is indeed hurting my eyes seeing everything are in red. Thankfully now the market is much better than yesterday's. And hopefully from this point on we will get better. With how many failed projects and scammed which made investors kinda hesitate to invest their money is one of the reason behind all these red I think. They're waiting for the very right moment to jump into the market.