Investors become more experience now. But a lot of depends how useful is the project and what new it offers. Blockchain technology can be very useful. For example it allows to safe the planet from climate change https://twitter.com/ClimeToken/status/1498942071658405888
Only investors with knowledge and who study the blockchain technology will be able to survive. Now there are a lot of scams and it is necessary to check everything not to lose money on investments. To do this it is necessary to have knowledge.