If you must fear any altcoins, ethereum should be the last you should have doubt about, not for anything but it's a digital currency that has hope and future, there's a strong dorminance in its consistencies and has high level of reliability, what we should be very careful now is about other cryptocurrencies that are just coming and keep getting pumped each time, they may bear the FOMO you're referring to when we Invested in them and don't know what may comes in next
That is because ETH is the biggest and most trusted among all the altcoins. We won't just doubt without any reason, but there must be a reason for it. The most common one would be is we think the crypto is about to collapse and will have no chance of recovery. There is also a reason behind it, like they have done a violation, or there is a glitch/bug in their system that seems unfixable any more.
Not all new cryptos that are pumping are a scam. They can be legit too and have a good technology behind them, for them to get a high demand. But you are going to be safe from any risk of these new coins, as long as you won't FOMO, and as long as your passion is already at the older and well-performing coins.
There are ones who would really be really securing themselves in terms of investment via with those established old coins in the market and there are ones who do really love to play with those small caps or new projects on which we could really be able to say that not all new projects turns out to be shit. We do know that we do have L1, L2 and now L3 and possible L4 in near future on which there would really be a continous development if we do speak about those projects and about on the future. This is why people or investors would really be trying out their best to find with those potential coins
and this is why it wont really be that shocking that they would really be that trying to eye with those projects which does have that good utility.
Speaking about ETH then we wont really be so sure that there would be no other L1's that would be taking over and i do hear out some saying and rumors that Solana would be taking up the place?
I dont think that it would be so simple but we do know that flippening into this market would really be that possible and could
happen anytime. So we cant really be able to tell..