Mostly dead I say since most projects go into IEO instead of ICO. Many ICO projects are clearly scams, most of it. Most people that put their money into crypto nowadays and they won't let their money being less in value by buying ICO tokens that is why they switch to something that could benefit them like IEOs. As is if like putting money to ICOs to instant lower your assets, who could possibly like that? Of course they will stay away after the horrible experience. IEO is the new trend now and hoping that it won't be the same as ICOs.