Seeing how many projects that conduct ICO are listed in Exchange at lower prices than it was stated during the ICO, investors continue to invest in projects.
Why are they still doing this?
I'm not talking about scammers...
Sorry for my English.
Well, I think you're missing one fact. ICOs are not conducted just for trading purposes. Trading is just one beneficial aspect of the project but the tokens are actually meant to be used on a platform for certain activities. So people invest because they want to be part of the particular innovation.