Yes. We cannot trust anymore those new projects coming out because they are more scammed ones compared to those old projects before. So even if we can't make a huge return from those old ones, as long as we are still making profits, that would still be preferable by most of us.
Actually, I think it was much worse before,,, remember we had 1000s coming out before and only a few still survived (and to me that did not make them NOT scam, they are almost zero with no use many of them now even though listed and trading). At least now you have some projects coming and not making a raise.