90% of new coins aren't serious at all, they are here to steal money from investors and give fake promises in return
99% of all altcoins, regardless of age, are not serious at all.
Newbies are safer with top altcoins
Newbies are safer with bitcoin, and avoiding altcoins altogether.
Marketcap is a meaningless statistic. I could create a new token right now, print 1 billion of them, sell a single token to my friend for $10, and now my market cap is $10 billion and I'm the third "top" coin. Just because an altcoin is in the "top 10", means nothing. At least half the coins in the "top 10" are literal scams.
That's a great point. Especially since that newcomers have no way of distinguishing which altcoins are the 1% that actually has something of value to offer. Very often the "top altcoins" are just the ones with the loudest influencers. People who look for the most safe investment would do good by focusing on Bitcoin, but let's be honest - most people are not interested in safe investments, they're after quick money.