Does Product Hunt still work for indie projects?

Solo indie dev here. I launched my open‑source project on Product Hunt today and it’s basically invisible. The top products are all VC‑funded or backed by big teams with built‑in audiences. Mine is stuck at the bottom with almost no traffic.

Is this just how PH works now? Does an indie project have any realistic chance without an existing following? Looking for honest guidance from people who’ve shipped before.