I was making money during 2017 and also until February this year by investing in ICO but since then trying to make money from ICO has been a fruitless task. Most of them have dropped in value by 30% or greater straight after launching.
Well, ICOs should not be looked at in a short term investment kind of way but instead should be seen as a long term investment. The fact that they are down now due to the bear market does not mean you still will not make your profit in the long run when things start getting rosy with the market.
There is always a different phase for a market and right now we are in a bulls phase and even the ICOs that has risen in the past as well are still finding it hard to cope with the bear trend as well, but in the long run, we will sure get to see a whole lot of things change.