please answer

Do you think that this emulator will die or not because its really sad to see a huge project die

It depends of how much the devs can do,maybe this project will be paused.Since the dissapearance of Hykem DH worked alone at the emu

We are facing a critical era for emulation. I'm honestly curious to see how things are going to be on the scene 2-3 years from now. That said, this emulator is open source. I think there is enough people interested in PS3 emulation for this not to die. It could remain untouched for some time if DH stops working on it but eventually someone will continue his work if that happens.
There are countless occurrences of this in emulation history :p