I think reliable exchanges is play very imimportant role to grow up any projects. And trading volume will be huge increasing by the biggest exchanges. Many projects have strong liquidity and potential development but which is cannot survive long term for listing in shit exchange and its mainly responsible to make dead within very short term. A few millions dollar raised project will going dead for the low quality exchanges like as Latoken,Exrates and Exmarkets. But of course huge amount of dollars need to be reach big exchanges.
I agree with you. Because we saw lots of good project's coin price become trash only because of shit exchange. I had a big hope on WES token last year, even they had real use cases. But when they listed on Latoken exchange, the project started falling down and now there is no WES token anymore! But sometimes it can be different. If you Don't have products or any kind of use cases for a long time then your project's token value will be trash! In Binance, hundreds of coins listed and many coins are like dying badly.