During a bear market, almost every new project is going to fail immediately.
The funds required for the startup to begin will not be there, investors will not fill the presales, and scams will rule.
What could have a small chance to succeed, now has zero.
It takes backing from big exchanges and connections with investors for a project to succeed.
Having said that, I never stopped looking and will keep investing during the bear market appropriately.
But for anyone that considers leaving, know that this market will reward those that stayed. It is the time to educate yourselves.
I've seen even silly spammers changing their ways and realizing there is a lot more everyone can offer by changing their ways.
For now, it is the time we count losses, but also we strengthen and rise to the challenges we face.
Besides the new cryptocurrencies, from my perspective, I'd look more at cryptocurrencies that hold utility, keep developing and have a serious community.
Everyone is reluctant to invest in the bearish market, which means most of the new projects do not cover their pre-sale money. As a result, the project is more likely to be ruined. If a good project comes at this time, if they have the financial capacity and come up with an innovative product that have real use case, those projects will never be died. Even if they fail to collect their pre sell money.
Most of the time crypto market is influenced by hype so it is better to waif for the next signal.