ICO is dead for the retail investor. What I see now is blockchain startups pitching their whitepapers to institutional investors or private investors. I don't blame them. It is less headache for them since these institutions know the failure rate of startups which is 90% failure, only 1 out of 10 truly thrives.
So bounty hunters are seeing less and less profitable campaigns.
That would limit the number of projects in the space, I think it's not what we like to see.
Private investors can easily manipulate the project because they invested a big amount, most likely when its listed in exchange, they create some hype and then they dump, easy money fro them, right?
What I actually hope is that crowdsale will be regulated so even small developers can run their crowdsale with their good ideas.