Its too early to talk about success or failure, because there are so many competitors, but there is still room for new projects! I think you need to try, then everything will work out!
yes, I strongly agree with your opinion, with many automatic competitors there is also a lot of competition for this project, but I am sure the features offered will be an attraction for donors so that more people can support this project.
First of all, investors do not pay attention to competition, they use deduction and analysis of each design that they like.