Is it just me or is it way too easy to become a crypto millionaire/billionaire if you have money?

All of the recent talk around SHIB made me want to explore all the other new recent crypto currencies that have been propping up.

I noticed that there are currently 6,826 crypto currencies available (source) with ~4,000 created this year alone. With all of the media attention around Bitcoin's all time high, Elon Musk and other disruptive billionaires promoting DogeCoin, and SHIB's meteoric rise it makes sense that thousands of new crypto currencies would be created to cash in on the hype, hoping to make a quick buck off of all the new crypto investors.Even if we remove this past year from consideration, every year prior starting with 2014, there were anywhere between ~60 to 1000 new currencies added.

As shown by Bitcoin, Ethereum, DogeCoin, SHIB, and dozens of other currencies, each new currency does have the potential to 1,000x or 100,000x within 1 or 2 years time. During the bull run of 2017, 3 crypto currencies grew by more that 100,000% (source). This past month there were 6 currencies that gained anywhere from 300% to 700,000% (source)

If this is the case, then it would be very simple for a millionaire to invest $100 in each new crypto that is created (~$400,000) or for a relatively well off investor to invest $1 in each new crypto (~$4,000) and make a very decent profit of $10,000,000 or $100,000 (depending on your initial investment) off of each of the new crypto's that mooned each year.

EDIT: I think some people think that I am only suggesting that you invest 100% into one coin or only millionaires can follow this strategy. That is not what I am suggesting at all.

I am asking, isn't it possible for a middle class person to also make ludicrous amounts of money by simply invest $1 or $0.1 into EVERY SINGLE new coin that hits the market (~$4,000 or $400 in total). If this is the case, why don't more people follow this strategy?

As mentioned in another post today if you were to invest in SHIB at the right time you could have made $1,000,000 off of a $1 investment.

To me, all of this sounds way too easy, and I am very sure that there are a thousand factors preventing preventing people from following this strategy and profiting. I'm curious as to what those factors are?

Lack of money? Lack of time to track each new currency and invest? Or are people already doing this and we are just not hearing about it?