Dumb money has yet to realize that crypto is being positioned to be the future, Many have fallen victim to thinking these projects are scams and have no real world value/application, The whole world is going to be on blockchain and Layer ones (L1s) will absorb that demand as the future is going to be multi chain, L2's (think scaling L1s) will play a very important role in the future of crypto also as the need for more tps (transaction per second) will become paramount as demand sky rockets on L1s (think ETH), I'm of the belief that these projects are just software and will likely be labelled as such to usher them into the new world and are not going to end up being tagged as securities, The biggest crypto bull run has yet to come and we may be at the early stages of it while the majority are running for the exits/scared to buy.