Top altcoins are overvalued now and it is impossible to earn big profits on them. That is why many people prefer to invest in new and prospective projects. But a lot depends on the tools that project offer. It must be useful like this
https://twitter.com/InpulseX_io/status/1511365325950005252The more people use cryptocurrency the more demand in it. But also a lot depends on economic situation in the word.
The price of cryptocurrency depends on demand in it. Now economic situation in the world is very difficult and many people prefer to use cryptocurrency to safe their funds from inflation. They invest in cryptocurrency hoping for its future growth.