Perhaps we can say the ICOs is dead, but we won't know if the ICOs will be able to rise again in the future. But indeed, the ICOs has suffered to meet the investor right now, and perhaps they are still trying to survive at the moment. But perhaps the situation will be better in the future for the ICOs, so the ICOs will be able to return in the future and give the investor the profit.
ICO will never be able to revive as before because people are feeling very bored and do not have any projects that can bring good returns to investors. Currently, the popular form of investment that people are interested in is IEO because this is a new way to make money in this market. There may still be some risks, but this is the only way to stay away from scam projects in the near future.
Personally, I consider IEO an upgraded version of ICO and hope that this form of investment will be mentioned even more because last year there were so many successful projects.