There are lot of scam ICO in the cryptocurrency market.
In 2018 year not many good ico are coming in the market.
Is ICO market dead?
What do you thinking?
Not dead but just slowly becoming more and more unusual.
As you said, because of scam ICOs, people are becoming skeptical for a good reason. So good ICOs are still out there but you really have to go out of your way, do proper research and THEN invest.