I'm still new to crypto, and don't have any active Altcoins Holding at the moment, although I've been looking for a coin to hold but I really don't know what coin to hold considering the fact that there are so many scam tokens out there, I've tried purchasing a few tokens but the outcome wasn't good at all so I've been scared because I don't really know what factors to consider before choosing a token to hold.
If you don't have any idea of which tokens you want to hold, but you want to buy an altcoin, I would suggest that you just focus on Ethereum.
It has established its position out there, and in terms of trust, I guess many investors trust the project. The community behind it is huge, I mean huge that's why I don't see the project going down or at least scamming people.
As you said, many altcoins out there are just scam tokens, and they're creating new projects just to scam investors. You bought a few tokens but didn't go well you said? I guess it would be better for you to just focus on buying altcoins at the top preferably those at the top 20 because at least the risk is lower compared to if you bought an altcoin that's outside the top 50 or even the top 100.
As for the altcoins that I'm holding, I think I already said it here (or the other forum) the coins that I'm holding, but I'll just say it here.
As of the moment, I'm holding SUI, CRO, TIA, ATOM, and SNX. Kind of risky you say, but I want to risk some of my capital to lower market cap tokens.
