Many cryptocurrency startups was created only to conduct IEO and to collect money. It is very good that the team of EDC Blockchain continues to develop the project.
Because it was a lot of scams in 2018-2020 when cryptocurrency market falled many people lost trust to cryptocurrency and stopped investing in cryptocurrency.
It happens on the market, it cannot grow all the time. My assets have also declined in price over this time, but I like this market and I'm still in the game!