It is good that new projects appear that offer useful products for people. The cryptocurrency industry actively developing becoming better and more useful for people.
Now it is a very difficult time for all cryptocurrency projects but it is very important to continue to develop projects because only the best projects will be able to survive during the fall of the market.
There will surely be new projects that would fail during this market situation. It will be hard, especially to non established coins to grow but there will still be projects who can survive and last until the market recovers and the bull run approaches. We'll see the vulnerability and resistance of each project during this season and we'll also have an idea of what to trust as we see their potential.