It seems that every three to four years cycle new altcoins always takes a position in top 20 list on coinmarketcap, those who are leading the top 20 of 2017 are done for right now, only very few remains, now it seems this is what's going to happen in 2024-2025 too, now tell me why investing in a new project a bad idea? Cos I plan to look into new projects for the future instead, what do you think?
Yes, before we had litecoin which was considered the silver of crypto universe, there were dash, monero and different bitcoin variations (from forks). And now, look where those coins are ranked. From the main ones, only bitcoin, ethereum and dogecoin remained influent (top 10). Meanwhile, many other cryptocurrencies appeared and became more important and popular among investors.
But in fact, what extraordinary features do they offer besides the ones already presented by the previous generations of cryptocurrencies? And what guarantees do investors have the currently top altcoins aren't going to be replaced soon? None! Take this in consideration when deciding where you are going to invest your money.
Read the history of cryptocurrencies since the early days. Check which of them have real potential of growing on long run. It's not so hard to do so. And when looking for new projects, make sure if they bring something really new to the market, or if they are just copies of past altcoins.