ICO is the trend of the world, without ICO sure this market will be very hard to attract many potential investors. I think people are still interested in investing in ICOs because it's easy for ICOs to make a profit and limit the risk
I do not know about the risk, but the potential income in ICO attracts any investor. I hope this year the situation will become more positive and projects will start to give X-s after the listing, and not losses as it happens now.