I am observing since last six months...each and every ico is failing drastically...even the most succesful ones which got funded within the time limit...when enters the exchange their price is dropping by more than times....investing in ico these days meaning throwing away your money
Investors no longer believe in a favorable outcome and it is easier to buy ready-made tokens, which are rather quickly dumped than to wait and take risks. Both trust and interest are falling.
The trust and interest from the market to the new coin. Remember this becomes a very important thing to prevent the price gets dump to the bottom. That's why any trusted ico must build its community.