I reckon it might look very similar to the bear markets of the past where much of the other attempts of the old layer 1 blockchain projects have failed to help the growth of their ecosystems. Fantom, Atom, Avax, Terra, Algorand, Cardano might slowly enter obscurity similar to Nxt and Nem.
This is a plausible possibility. and only those who have a strong community will survive in the future, the rest may end up like EOS, stellar, Waves, or other smart contract projects that still survive but seem to be forgotten. What is certain is that the bear market will change the list of coins in the marketcap later. maybe then we will no longer see Fantom, Polygon, avalanche, or nft projects like Axie, decentraland and others at the top of the list.