There’s a lot of new project being created that shares in the crypto marketcap. This is the reason why some altcoins don’t pump huge like top altcoins. You can also notice that even top altcoin can’t beat their previous ATH because of there’s already a lot of new project shares with the liquidity on crypto.
The only way to pump all the altcoins is to increase the fresh money entering in crypto market while slow down on creating new crypto project. But this will not happened since Venture Capital and even top crypto project usually invest on new projects using their project funds that makes the top project growth have a cap.
That is true with multiple projects popping out from left and right. However I still think investing in top altcoins is a smart move, they might not be pumping as hard as those newly launched ones but their growth is consistent and constant. Which makes them ideal for long-term investment, I think.