Facebook and Instagram bans Cryptocurrencies ads. I think they are nothing to cryptocurrencies. Facebook users are not great market. It is only few percent of ICO market. I think cryptocurrencies will not die because of them.
I still seem to get crypto ads on FB and IG though, but generally speaking, I do agree.
Besides the ones advertised on those platforms were usually scammy or low-quality projects anyway, so nothing of value was lost IMO.