Even as market has been improving rapidly in the past months , why do this new projects keep failing?
most likely because the new project failed to compete with the old project, the lack of support and incoming investors may be the cause of the failure of the new project, not all new projects can succeed and even enter the market. need a good program to attract investors to want to enter into it and it is not easy.
In my opinion it is mainly because people are quite different to back in the past where almost all of ICO resulting a success, in the past people are overhyped by literally everything, every project they want to throw money causing a bubble and now they more logical in terms of investing, that's to be expected if there's a decrease in the percentage of succesfull project.