Crypto bounties is not dying any time soon, our service will always be needed and this year so far i am impressed that few legit projects have good volumes on exchanges, the latest one is nestree project which has over 300k trading volume on exchange, not bad for a new project and all hunters have been paid
But if we look at all the projects that were born this year, there are still many bad ones, only a few are good, for example like the project you said, try to look at the percentage of projects this year, surely there are still many that are worse than the good ones.
The story was same for last year as well. This is largely not because the market is down but rather because projects coming up of late lacks creativity and innovation. These projects which fails are often due to repetition of ideas and products without any unique add up of already existing projects.