It seems to me that new projects are not popular now. There are very few investors who are still willing to invest in new coins. Besides, it is dangerous to invest in them. Now is the time to pay attention to more fundamental and reliable coins.
There are still few good projects worth investing today and the rest are only scam ones. So investors are now very skeptical which projects to invest so they won't end up wasting their money in projects that they can't yield profits anymore. Gone are those days like in 2017 wherein investors gained huge profits as much as bounty hunters are also earning a decent amount too.