Just like the title, in my country, Japan, I think people are leaving blockchain scene believing that there's no future.
I was watching a video from Japan that's made by Asian Boss and saw a bill board of bitcoin so I'm quite shock to see and can't believe that it's truly happening in Japan. And is that for real in Japan?
If it's about your title, yes the falling of bitcoin price might affect the projects. Actually, I've seen projects that can't go on last year because they can't consider the price of bitcoin as good to go.