A lot depends how useful the project is and how many people will use the project and its ecosystem.
A lot of new projects appear every day but it is necessary to evaluate the potential of the coin.
Thanks blockchain it is possible to protect a nature like this
https://twitter.com/liquidearth_nft/status/1502269439785541633We live on one planet and the demand in nature protection is big.
Bitcoin and Ethereum are overvalued now and it is impossible to earn big profit on them.
That is why now people are looking for new and prospective for investment project to have maximum profit from investments.
Investment in new altcoins are very risky because not all atcoins will be able to survive.
Every day a lot of new projects appear and not all of them are useful for people.