I am often skeptical of the cryptocurrency market because cryptocurrency has neither a worldwide community nor a rule to make coins, so my faith is not more than just 10%. This is because 2 3 Coins of the same name can also be made. Ho and no one sends you any legal notice or banner and if 10 projects come in 1 month, then 8 of them are fake, if this problem is not solved then trust in this market will not increase...
What is your point anyway?
The same exact thing happens with "real" physical businesses.
Some of them are scams, some them won't eventually work out and will close.
This does not mean we should not "believe" in business overall, same applies to crypto market.