As far as I know Bandcamp is doing better than ever - they are also a completely different service, not very similar to Soundcloud at all. At Bandcamp you buy and truly own your music. While they offer streaming of those purchases, I‘d surprised if the vast majority of Bandcamp users doesn’t maintain and prefer their local music collection, which Bandcamp probably has contributed to a lot.

It‘s my impression that the Bandcamp userbase is very loyal and full of music enthusiasts - at. least I buy there weekly, about 5-10 releases.