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.
We can not say ICOs are completely dead. Today we can find plenty of ICO investors. But, better system will attract attention. Even recently IEO is a good way to find investor for projects.
Unfortunately, we have not seen any system yet that leads to improvement of ICO.
if you noticed, most of the coins that are coming from crowdsale now are from IEO, that makes ICO obsolete.