There aren't many good project right now
thats why CT tl is full of perp DEX's and MegaETH right now
some VC raised Billions of funds to give it to the projects but they aren't really investing maybe bcuz they are unable to find a projects with good product that will fit in crypto
Also teams airdrop cluster, coin listing at very low circulating to crime pump, focus of pre-sale instead of their own product is another matter entirely