I think it depends on crypto market trend, last year a lot of ICO is very profitable because the trend is bullish but this year is different because we are in the bear market so most traders and investors don't want to put the money on an ICO in a bear market because it is very risky unless the project is very promising. Also, I think more and more ICO project is running by scammers like Bitcoinnect, Titanium and many more...