maybe some projects decided to wait for a more stable market
if no one is investing their money now why should they launch an ICO
It is the same funds in BTC or ETH amount but the fiat rates are half of the previously invested amounts. The rates have dropped a lot and the chances decrease for the new projects to launch the new token sale. The lack of perspective makes it hard to convince crypto investors to invest further.
After increasing with lower price of ethreum many ICO dead because they received payment platform using ethereum and have higher payment fee for listing coin on exchange market and make ICO have lower price after listing, but when ethereum as payment platform stable with higher price I think have possibility to make ICO success on higher price.