Mostly it is the bear market.  In my opinion, there just isn't the energy nor the cash flow into the crypto world like there was last year.  Meanwhile, there are more and more coin projects which further dilute the space.  There are a lot of good projects.  Zcoin stands out with connections to big names and legitimate business ventures.  The only thing that may seem odd to people is some aspect of KYC tied to cross-platform uses.  But what people need to remember is that you can separate public from private activity and still have privacy despite KYC rules.  This was a stumbling block in my own understanding of blockchain privacy when I began to realize bitcoin was not private at all.  But then I realized that it is just like any other currency, there are are ways to maintain liberties such as privacy while still being completely legal.  The key there is to separate private ventures from KYC/publicly known activities when achieving privacy.