Only when the price of Bitcoin quickly recovers to more than $5,000 will the market become good. Otherwise, ICO will not have investors, and when the scammers are unable to make a profit, the bounty hunter profession will disappear.
I do not think that $5k level will be more than enough for the market to become good. Because, you are just referring to the one in forth of ATH. Bitcoin market was sustaining around $6200 to $6500 levels for considerably longer periods then that must be the good level to assume market is recovering to a good place.
Unless otherwise market will not be recovering, I am also afraid that new ICOs may not find considerably enough investors to support them. Market must recover to some decent levels from the current state so that people will be having confident into this crypto space again.