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.
How still ICO is popular i don't think. Now you can't find out good ICO projects because of still IEO trend is ongoing. Every ICO projects will never pay other coins which is listed though some legit projects sometimes paying but not enough. But at least bounty hunters should be stop promoting shit or scam projects those are no possibility to pay end of the campaign.