I agree, only then there are old projects. They have long proven themselves and made a name for themselves. They will be valuable among the crypto. Better let's talk about how a new project should compete with them?
In today's realities, the crypto market is very difficult to compete. To make the project successful and famous, you really need to offer users something new and special.
I agree with you that new projects are now hard to compete with the more famous crypto. However, with the advent of IEO, more and more interesting projects appear and I would say successful projects.