We can look at this ICO downturn as a postive way. But we have to keep in mind that everything has both merits and demerits. It will be a good thing to see loss of funds due to lack og proper business structure.
It is only natural that there is a decline because many projects fail and are also based on investors who are less serious in participating so the project stops. we must believe everything will be okay to think positively because many new ICO projects are convincing so that the ICO returns to normal. as you say the lack of a good business structure so that the project becomes meaningless.
today, the investment attractiveness of the ico market of companies has declined significantly, and this is not only due to the large number of scammers, but also to the poor state of the market. Investor profitable to buy coins on the stock exchange.
They are thinking the market trend was giving a lot of impact to the price of token after it has already listed on the exchange site. They are thiking doin' a trade it's much better compared to the ico, but remember hyped ico can give a huge profit instantly dude.