With all the experience I had, what I have concluded is it doesn't matter much which established altcoin you use, it's a good strategy to buy when they are on lower and you hold till you get a higher price. It's easier to get easy profit if you are early to find out any good or bad news about the coin. There's no sense for utility for altcoins at the moment. Just go for hype. None of the popular coins are at current time used for utility. Ethereum rose to high prices due to it's utility but it also is just another trusted speculative coin for traders.
Those that bought XRP when it was very low and people weren't buying it will be in profits now and that's why it's good to buy altcoins when others aren't buying but rejecting it. When the altcoins start increasing you'll benefit just like those that invest in XRP at it's previous all time low are enjoying it now. XRP has always been a good coin to invest into because of the team behind the project.
I have some XRP and I'll the buying more when the initial hype ends and the price get stable then I can start accumulating more for the bull market. Investing in XRP is better than Investing in these newly launched project that you don't know anything about them or their founders. Altcoins aren't bitcoin that we don't need to know the founders, we do need the know with altcoins.
We need to know who they're because altcoins are becoming more of scams then legit project. XRP is a centralized coin but we have many centralized coins like BNB doing so well therefore XRP can also do well when the bull markets starts. XRP is very famous and has the support of lost of the influencer in the cryptocurency community so they'll using their fame to promote XRP which is good for investors.
Your preference for older coins like XRP is justified. A respected development team, significant community backing, and market acceptability can inspire confidence. But you say investing simply in a company's track record and reputation is bad. Could we have forgotten the fundamental rule of investing: the past does not predict the future?
XRP has a loyal following, but should we consider social media influencers as financial guides? Each altcoin has its own potential, therefore "we need to know the founders" can be limiting. Satoshi Nakamoto? Bitcoin's prosperity is unaffected by its origins.
We must look underneath fame and success. Each project's use-case, technology, relationships, roadmap, and regulatory framework must be understood. Nothing is simple at beginning.
