Based on the cryptocurrency projects that have seen good and sustainable success over the past few years, the recipes for success isn't just about having a good concept or a good team. To be successful in the blockchain cryptocurrency space you have to create a project that actually satisfies a pressing need either on-chain or in the real life.
That's right and the best possible example is tether (USDT) because there was always a concern of how to manage a portfolio within cryptocurrency but don't face any loss or profits overnight. Like when the Bitcoin price is dropping there was utter chaos since people had to sell it for fiat as the whole market was crashing. With the introduction of USDT, this proble is completely solved and we can always preserve the value of our coins in USDT after all the trading throughout the day and have the peace of mind that tomorrow morning when we wake up, we won't lose any value.
As things improved further we are looking towards decentralized stable coins because the centralized stable coins can shut down anytime abruptly since they can dump the whole market. But with decentralized stable coins, the problem of maintaining liquid price occurs.
So basically with each project there is a problem that exists and the next project solves it, this is the current chain of events and I don't think we will have a perfect coin/project anytime soon.