In the end altcoins can be part of a portfolio but they should never be the foundation if you’re serious about building wealth in crypto focus on long term reliable assets and only put into altcoins what you’re prepared to lose completely because the line between big profit and total loss is very thin.
Very true and we can't do without altcoins in the market because newer ones are getting introduced into the market everyday and we can't afford to ignore them that easily because they're everywhere. Today I visited Twitter and saw news about Binance partnering with Ronaldo to introduce a new cryptocurrency and I immediately knew, if the rumours are true then we'll be getting a new meme coin soon. Coins like this will always be introduced since the exchanges aren't going to stop listing them because they're giving them lots of profits from trading fees and other fees the exchange are charging.
Many of all these fan tokens are not to be trusted and many exchanges list many of these coins because of the profits they are going to make from investors and traders. Rather than investing on fan tokens, there are good altcoins we can hold and wait for them to appreciate before taking profits. Altcoins investment also need a bit of consciousness so we don't end up losing more than we can afford in a long run.
We can trade food altcoins on good exchanges but not those ones that are easily manipulated because they have small market capitalization. Altcoins with huge market cap is better to invest on for the safety.