There are still investors who want to invest in ico's and that's why I can proved that Icos are still alive. But the investors are now decreasing due to the scam ICOS that are still operating in the market.
Exactly. ETH was an ICO and achieved great success for the market today. With such a tough market, we may need good ICO projects in order to create valuable new altcoins and bring that trend back to the market.