It still can happen right?

You never know.
But seriously, most people just follow the herd, they invest or not based on hype, on market sentiment. Crypto markets have brought in a bunch of newbies, unexperienced investors who do not understand anything about the projects, but want to make a quick buck. Not serious investors which are willing to let the projects / investments mature and that do select carefully where to put the money.
This is my opinion.