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.
I think that ICO will still be a popular form of financing stratupas, but it will take a long time before this happens. Bounty hunters will definitely stop supporting ICO projects if they don't start paying in BTC, ETH or other cryptocurrencies that are listed on exchanges.