This prices will defo kill many shitcoins, only the strong ones will persevere and we get them at sale prices!!
Indeed, there's a good chance that many weak projects will die off.
Probably many new projects / ICOs are waiting for better times before launching.
However, as soon as the money will flow in again, the ICOs will flourish again (good or bad), shitcoins will be created again, so on the long term the current state doesn't really change anything...
Who knows. What happened between last year and this year was an eye opener for all of us inside crypto and those that are looking to get in. We're seeing first hand how volatile this market is an probably people will be more intelligent when they enter the market.