It's looking more like it as time goes on, honestly. Many projects are folding up as the bear season bites harder and deeper. I was reading in another thread where that OP was asking about Litecoin and the silence that has greeted it. I had a look and found out it's not really doing badly at $68 and ranked 21 on the list. I remember when it competed strongly and was among the top 10. Now, many of these coins seem forgotten. It's often the pattern during a bear season. Those that survive it become better for it.