If you are really in to this shitcoin game investment. You can minimize the by choosing a well known shitcoin or a proven that has a power to have an insane gains
Yes, best advice IMHO is not to speculate but to invest in an already existing strong project that popular opinion on it is that it will yield results. I personally do not like to invest in more than two projects at a time so if i were to be the one with the $1000 to invest, i will invest more on Shiba and SOL.
(My opinion at this point, it is subject to change in the future)