I like your explanation, Crypto today no longer has good quality as a future crypto project, it's all about how to earn more money to get rich quick and just take advantage of the hype that is only temporary.
The birth of NFTs and meme coins is getting out of control so that anyone can create their own meme coins under any name, but it has become a trend that has so far happened on all crypto networks.
Crypto is filled with junk coins, abandoned projects and many scams occur.
I also come from a past era where crypto projects were very serious and enthusiastic about building a crypto ecosystem with better innovation,
not just junk coins or copycat projects, It is really well-developed.
But whether or not the good old days for crypto will return, it's about widespread crypto adoption but not being matched by good quality.
People need to know what crypto really is, and this crypto ecosystem is no joke.
What year you mean by "good old days"? I was in here from the start of 2014, and things have matured so much from that. There were joke coins and scam coins all over. And even the "serious" coins weren't in any way ready for adoption. Everyone was unprofessional at least from my point of view. And if they owned a real company, or were even planning one, they would be considered legit. There weren't no regulations at all, so stealing cryptos and getting away with it was common.
Even before ICOs or tokens they were just PoW coins with hidden premine, pump&dumps or coins that promised devolopment with white papers and pseudonymous devs just waited for market support to dump their coins or just dumped immediately and disappeared. There were just fewer people in crypto, so amount of scams and nonsense was relatively low compared to current scene. And literally every CEX was most likely to be exit scam.
So when some cex owners who stole huge amounts finally get in front of judges, atmosphere started to get more mature. But law had to catch up and that took time.