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.
This bear market came with few disparity in the adoption of crypto hype, if it was not Defi, NFT, Metaverse, meme or combination of two or more of the hype. It does not look like what will last few cycle. Polygon and avalanche came as Ethereum Killers, now they 60% off the previous ATH compare with 40% from Ethereum. Metaverse is a very big market that very few will benefit from base on the development, adoption and communities