ICO terminations in 2019 were unimaginably inadequate contrasted with 2018 August and October both had none, while January 2018 had 160 projects. All things considered, 2019 projects raised additionally funding on average $6.8 million contrasted with 2018 $132,000, still ICOs are losing popularity because of
1. Concerns with funded projects
2. Regulatory hurdles with selling the tokens
3. Crypto bear market
One of the reason could be, investors dont want to invest in ICO nowadays because of what has been happened last years and it can affect the whole market. I think most people think that ICO/IEO is not yet profitable and many of them are scams, but I believe its not. And there are many fake teams with fake projects everywhere and it scams many people.