I am used to the simple strategy that is spreading money to new listed coins or coins that have the potential to skyrocket someday, usually I need about 2 hours to determine whether the project is convincing or not, if convincing then I immediately invest and the opportunity for big profit It is easier for us to get if investing on low cap, it is more profitable if we have $ 5000 we buy for 100 low cap than just buying a top rank.
When the money is enough and there is around $ 5000 like you said, then almost some people can use it very well in investing or into cryptocurrencies, but also be aware that not all newly listed coins can be very profitable even if you bought them at low cap and even if it can be very profitable, I think it's only once and there will never be a next one.