I firmly believe the days of just having a blockchain and it does well no matter what are leaving us. We can see this already happening as bitcoin has gone from $16,000 to $85,000 in just a year and a half while many alt coins actully fell in price during this time.
The days of simply having a blockchain and a token and the price goes up when everything else seems to rally are over. If your blockchain is not growing in userbase, applications and development work along with getting public attention then it's ultimately going to under perform and in some cases even fail.
This is what we are starting to see across the board as many altcoins have under performed yet for some reason the sentiment in those communities continues to be we just have to wait for the bull run to get here. News flash it's been here!