Hello there, 90% of tokens fall down after ICO now, it's a usual situation, you just need to choose ICO more wisely now, ICO still can be profitalbe just do more researches about it. However if you are bountyhunter just do the same things.
To be honest I can't name any ICO tokens/coins that provided crowdsale last half a year and now they trade higher than they were on ICO. Instead of this they all delay exchange listing or even token distribution.
Also all investors know that tokens will be cheaper on exchanges in 99% of cases and this is the opportunity for them too see if project is developing according to roadmap. So the ICO market now seems to be at sunset