As for me, the ICO is gradually dying. Nobody wants to invest in them. And its competitors make themselves known. I do not think that ICO will survive.
I don't think ICO will really be dying and no one wants to invest in it, but maybe investors are still waiting for the market situation to improve again so that later ICO projects will also improve and the tokens developed will also there is a price.
all require process and time but I am sure that in the future the ICO project will be able to continue to survive and the situation will be better, unlike the last few months.