I think that ICO projects are not going to die, but the time for their activities is now very inappropriate. Now there is a general decline in the cryptocurrency market, altcoins have been particularly affected and this has a very negative effect on the emergence of new ICO projects. Also, the problem of a high level of fraud among ICO projects has not yet been resolved. In this regard, investor activity is now extremely low. When these two problems are resolved, ICO projects will again become popular for investment.
Many ICO not going to die but almost investor not trusted any more with ICO investment project, have thousand kinds of ICO always lower price after listing on market and many ICO delay more than two years or three years for listing make investor tired and resign from ICO investing, now the have invest with altcoin ready on market or bitcoin investment.
The main thing with ICOs projects the cannot guarantee their token will be list on any exchanges after the release. Some of the ICOs projects are died before it get to list on exchanges that why they got not many investors. Who want to put their investment only on their promises.