The ICOs goals are getting more realistic
ICOs are becoming more realistic with their hardcaps. No more sky-high figures as $ 200 million like Tezos, Filecoin and Bancor. It seems like the ICOs are coming down to the ground, and this trend is actually good for the entire industry. $24million seems to be the average for current ICOs. This low marketcap gives investors lots of potential.
A tenfold decrease is more likely to meet the real needs of startups for developing their products, reducing the risk of global collapse of the entire newborn industry, increasing investors confidence and providing more startups with the opportunity to raise funds by ICO mechanism.
If I remember correctly, Buterin generally advised not to install a hard cap. Collect money as much as investors are willing to invest. Who is right? Hard to say.
Here it is necessary to consider what kind of project he meant. Such an algorithm for raising funds is clearly not universal.