In my opinion, there are still good projects, but they got lost in a pile of garbage. I also see such a problem as a loss of investor confidence. I think that everything can still change, but this requires a real revolution in cryptocurrencies.
I guess the OP was referring to crypto prices who had suffered massive losses during the crypto winter and that is why he/she might be pointing out this idea that currently, there are "no good project" anymore where in reality, we all knew that there are still a few who deserves our praises. I also want to point our that a token's price is not directly correlated to the overall worth of the project as this is a wrong idea often entertained by some members of the community. Conversely, we cannot directly say that a project's performance and fundamentals is excellent even if its token price is much higher than usual and vice versa.