I know of at least one project that has failed because it never had a funding mechanism. It is severely underappreciated that we have it imo. That said, I have no problem with stricter funding.

Also I doubt these relatively small numbers have much to do with price. Price is set by exchange whales mainly. Last year we had like 3 Billion (!) weekly volume on Upbit alone. If they decide to buy, we'll be at $1 in no time again. Unfortunately, there doesn't seem to be much rationale behind it other than making money with pump & dumps.