There's no doubt that there's a higher risk involved investing in altcoin coupled with the fact that the success of the project is dicey, but not withstanding its important to know that investment in a successful altcoin could be much more lucrative and this goes with the fact that the higher the risk, the greater the reward.
Yes, the risk of investing in a crypto project is directly proportional to the huge profits that come with it, researching and understanding what is in a crypto project is a must, because it will be a guide in monitoring the progress of a crypto project.