It not something to doubt. Once crypto space are being too occupied there will always be some unfavorable conditions inwithin crypto. The fact that too much project are being brought up will definitely give access to scam and that alone could weigh down the name of crypto. But based on my believe am better still sure that new crypto projects will be behind those projects run till date.
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Avalanche is a good example.
It is a new project but has surpassed many old project of same kind due to its quality
This is not 100% true that new crytpo will be behind present crpyto but the most used and most quality would stand
There are many quality crypto out there that are aren't recognised but those that are not up to them are recognised
There is just probability that old project will be used than new.
New project are accompanied by new crypto users that has missed old cost project and will want to find thier way into crypto with new project
I wanted to invest in Bitcoin and ethereum as a start into crypto but too cost and project like hive and avaxtar gave me opportunity into crypto this is the advantage of new project
There are many projects that have died many old project and that's because they are not strong enough and has a low usecase
#topic
Why do many quality and good project vanish?
I do wonder the cause of good project falling and project not up to them prosper and flourish and not because those project are unserious but they just vanish
Some crpyto died not because that aren't quality but because they don't have enough Community and this is why I always wanted pob and vyb to build a strong Community as much as possible
More projects are still yet to come with the specific use case that the world needs.
Man's need are unlimited and they always a project to solve and not one but many
Even when this internet is on blockchain,there would be use of many crypto because there are many field in this world
Cryptocurrency won't be the main use in future but it will be the currency used,(new money) but blockchain technology is what's most important
If the world is on blockchain then money is something that it can't be without use so no difference between cryptocurrency and blockchain
Cryptocurrency will be the money spent if the world technology is based on blockchain
This is true they are only few which are nft,gaming, metaverse,cex,Dex etc.
There are many other use cases that are available and not yet in crypto space
Comparing to the world population,the numbers of project there are are not capable yet.
Now imagine if the whole world is not built on blockchain and everything in this world is on blockchain then even churches would have their own blockchain and project