I can't even argue with this statistics, seeing the number of failed projects that we have roaming the streets. It is really sad, and it would even be worse for this year. Over eighty percent of the Icos that we have now are scams, and this is why people are always advised to be careful when choosing to invest in an ICO.
This is to me the most obvious reason of why so much people are now are avoiding icos and instead are getting their money out of this market or are investing only in the best coins like bitcoin or ethereum, it's obvious the market is going to suffer because we need more innovation coming but the market is so full of scammers that I really think that we need this period in which people avoid icos and do not invest in them.