Investing in ICO in the bear market will have big risks. So many investors will not choose ICO investment at this time. They choose to invest in IEO because this form is safer when tokens are sold at exchanges trading.
Yes, this is a real situation in the current period, people are gradually abandoning ICO and focusing on IEO because the IEO is a form of investment where projects are guaranteed with the support of reputable exchanges, with such a guarantee, profit is more realistic. While with ICO, projects are not so safe, risks are always great when developers can disappear, especially in the bear market, ICO projects are almost unable to earn enough capital and become scams, participating in only brings loss and is not profitable.