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Although it may seem counterintuitive that would probably lead to more centralization. Andreas explained it very well here: https://www.youtube.com/watch?time_continue=3&v=AcaktuPdQrc

This is actually less secure because the resources needed to perform a 51% attack on a coin are reduced drastically (as you only need 51% of the hashing power for one specific algorithm).

This post on the verge hack demonstrates that quite well, suggesting the attacker only needed as much as 10% of the hashrate, or even as low as 0.4% - https://blog.theabacus.io/the-verge-hack-explained-7942f63a3...

Check out x16r.

https://ravencoin.org/wp-content/uploads/2018/03/X16R-Whitep...

Cycles through 16 different algos based on hash of prior block.

See this is a really cool coin. I believe heavily in ASIC and even gpu resistance where possible. I'd be happy to operate an exchange and set up some basic crypto services (gambling) using this coin if you guys have a community of users.

Monero has tried something along these lines:

https://www.coindesk.com/crypto-kill-switch-monero-going-war...