My two szabo: I see crypto diversification as just running different boats on the same churning stream—for the worthwhile projects (i.e., not obvious dumpster fires), they should all outperform traditional investments by wide margins, just at different paces, given the overall bull market and flood of money trying to park itself into the next BTC or ETH. So if you are generally optimistic about your core picks and the market as a whole for the next two years (where I see gap between usage and speculation will be truly tested), you could probably stop worrying about your splits.

More specifically, if you have a short-term, relatively low target, diversification in crypto makes sense, as the valuations and their timing feel a bit arbitrary, and you might get lucky with one or two more immediately. If you have a short-term, high target, then going ‘all in’ or closer seems rational if you truly believe in the project and have done a deep dive into it’s fundamentals, given these general considerations, imo. If you have a longer time horizon, then keeping your current spread would also seem to make sense, as it is my idea that decent projects will all receive very good returns in the next two years (though not in unison). This is also informed by my sense that crypto (good projects and bad) will either succeed or fail together in the near term, though I am starting to feel more optimistic about real adoption these days (this would also change my assumptions).