Does it makes sense to target layer 1 scalable projects with web3 integrated? I know that layer 1 aren't that good anymore or let me say almost dead hype but what about those that want to integrate web 3.0? For example Oasis Network.
People look at technology in crypto far too often. In principle, this is true, but the technology is often not the reason why projects increase in price. Otherwise, there would have to be completely different projects in the top 20 than are currently there. Many projects with outstanding technology have disappeared into oblivion over the years. Hype, momentum and marketing are much more important factors for the success of a crypto project, just look at Doge or Shiba. What I want to say is, don't worry about the technology if you want to see price increases for your investment.
SHIB I think will turn into a layer1 project as they have plans to migrate to their own chain to set up the metaverse sidechain of SHIB and that means this will also go over that oblivion. But they may have chance because this is very popular in stock traders, remember this is listed on Robinhood.
Its almost true though that most layer1 project in the past were gone below the rank. But there are still that keeps popping on the news with very minimal updates like the WAVES and NEO. The prices of these two still are worth if you bought in 2017 so layer1 tokens is not so bad as long as you have bought at the right time.