Altcoins are the best source to earn huge profits because when a new altcoin launches, it usually pumped over 100%, with few exceptions. You can earn a profit in a limited time frame. Furthermore, the technology they are using and the innovation they are providing to the market is top-notch. Some are very good projects in terms of technology, for example, ETH, SOLANA, DOGE, XRP, etc.
Not all project may have good production sector and almost most of the new project are scams. Moreover, new projects are very risky at this time because meme coins are now available for new projects. You should have an awareness of where and why you are investing. Also how you will get profit from those projects.