I have noticed this year has been so Good for all altcoin since from 2018/19 after the 2017 bloody season many project has been struggling to survive from the pains, 2020 would have been another favorable year but Covid-19 bounce each an everyone's door causing another great challenges, some of project that would have launched early 2020 folded and waiting for the air to clear so while many plans were delayed but this year every project seems to bounced back, what a great year!
It is understandable that people have high hopes for so many coins, people realized long time ago that they can't make the same amount of money from bitcoin, making a 10x is very difficult for bitcoin, but some 534th coin could make that very easily because the potential is there and it doesn't require too much money, with few million dollars in a week and you are there.
However just because there is a potential doesn't mean that we should buy it, otherwise we would have to split our money into top 500 coin all equally hoping that some of them will make us some profit, which it will not because what you lose will be bigger than what you earn. This is why I try to stay away from unknown coins and go with the ones I am comfortable with, definitely easier profit making.