ICOs are no more good origin for making money in crypto. The investors try to avoid fake ICOs for not getting scammed. STOs are a new, upgraded and different version of ICOs, investors now prefer to throw their money to new platform version of token sales.
I agree with you that ICO is no longer good now, STO and IEO are new ways to raise funds and most projects that are really good they hold STO or IEO and ICO now only for shit projects