I don't think so. In fact i don't think it will die anytime soon or ever. ICOs is important for the survival of crypto in general. It is where future crypto are born and who knows, the next bitcoin might come from ICO. Its true that nowadays, ICOs are not doing great compared to the previous years. Most of them, in fact, are almost worthless. But still, they are still there waiting for the market to recovers. Market recovery will help the ICO to survived.