Of course, those funds raised in the dollar amount became much smaller, but the number of cryptocurrencies remained premature. If you develop a project and pay all your costs with a cryptocurrency, then implementation is still possible.
Unfortunately, most people consider cryptocurrency as a way to make money. It seems that a lot of time will pass before such widespread use appears that cryptocurrencies will be universally used as money.
Anyone who invests in cryptocurrency, trades them or just participates in the bounty wants to make money on it. This is normal. Mass introduction will occur only when there is no such big volatility.