Reasons for the ICO failure are very simple:
1) useless idea
2) useless team
3) government regulations
4) company doesn't follow its own roadmap
5) company doesn't meet its promises
6) token is not a utility but a security
https://www.tradingview.com/ideas/ico/Not exactly. Rather, these are the reasons why the project itself becomes unsuccessful. Ico is the process of collecting money. This process is influenced by marketing as well as global market sentiment. The last condition on the current day is at a very low level.