You would not see any groundbreaking ICO because the market condition itself has not been favorable, but it is not like ICOs with prospects have been popping up and even though just getting suppressed by the bear market, does not make development to subside for them as long as the teams are active.

Like you said, it is always going to be more about the team, before you even consider the ICO as that would determine the possibilities of future development while looking at the product at hand.