When you do what everybody is doing you can't stand out of the crowd. Majority of the speculators in the space are diversifying into different altcoins that get them burn when the market tanks. If you join the party you won't be any different from the thousands of speculators crying about their portfolio getting crushed by the bear market that most likely won't recover when the bull market begins. When you diversify in a correlated assets you're doing the direct opposite of what diversifying is suppose to do to your portfolio.

You diversify so when a particular assets class is down, you have other options to bring in cash flow to your account. That means diversifying should involved assets of different classes like investing in Cryptocurrency, Real estate, Bonds, Stocks etc. You shouldn't go around buying worthless shitcoin without any utilities and thinking you're diversifying. You're just gambling and not investing, that should be realized on time so you can take profit if the market is to favor you instead of bonding to a project that most likely without recover if they get hit by a bear market.