The reputation of ICOs nowadays are not that really good. As a matter of fact, as I've observed right now, they were having a hard time at distributing their tokens. I mean, the market is eventually bad for the longest time and they tend to extend their private or pre ICO sale. Their target is hardly reached because of this market's situation.
Agree with you, with the bad price of this cryptocurrency market at the moment, we can't imagine the bright future of ICO will recover on this year. I think if you want to invest in ICO, please wait to the next year 2020 when the market improves and get better.