Less coins better for a trader to circulate the capital too often into multiple trends to make profits but when we are invested into very long term then reducing risk also good thing.
Yes its a good strategy to diversify on several projects in order to further reduce volatility risk and this is a standard practice among most members of
the crypto community. If given the chance to have additional fund, I would also select projects that are very promising and viable and already have a
working product and put my faith in it and support it wholeheartedly.
Dividing our investment in several good coin and token is good choice because market very fluctuating. But choosing coin in top 100 coinmarketcap or coin with good daily transaction volume will make us more relax because its liquid. Many coin dont have good daily volume and i think its like pump and dump coin