Totally not, ETH is leading by example and is so focused on platform development which is ETH 2.0 comparing it with BTC which has been stagnant for so many years but is still the King. There are alts in the market that are aiming to help mass adoption to get cryptocurrency/blockchain in a better place. Korea's biggest wholesale will already be utilizing blockchain to level-up their payment system and is better as it provides transparency. But at the same time, we can't blame people to give up on alts because of how many scam projects that participated since 2017.

The community just have to be patient in terms of the project's progress and at the same time, the projects who are well funded should do their part in maintaining a good reputation and delivering their promises.