There were and there will be a plenty of scam projects, the only difference is that it is getting harder and harder to detect scammers. Nowadays, they may even create an MVP of a product, write a solid whitepaper, hire good advisors to collect funds and scam investors.
If you do the necessary investigations, you can detect shit coins more easily. It doesn't make sense to have MVPs because the team is always important. By looking at the project team's previous experience on linkedin pages, you can reach a much clearer idea about the project. This method usually works and you can test it yourself.