you're right. Now one can clearly see which projects of the scams and the cheats, and who really has the prospects.
The current market situation is a kind of cleansing of the crypto market and the entire crypto industry from frauds and scams. Only the most promising and technologically advanced projects will survive.
But how to survive in this situation, young but good projects? They have no chance now to be noticed ... Investors are upset by the situation and do not want to invest in projects, especially in unknown ones.
Let's face it: most projects have no reason to be noticed and the market was irrational for a long time. Now there is much more skepticism (which is good) than ever before.