Times have changed , investors are now more careful on what to invest into. Unlike before that people just invest into any project they see and wait for profit. There are still good project, but you have to he 100% real and ready before you can start up any new project.
This is all due to the large number of ICO scams that carry the majority of investors' money, if everyone does not try to cheat investors, certainly the event will not be like now
But that would not stay forever, the market will change when there's a bull run and I am sure with that.
What we are waiting now is the new bull run, yes, we might not see an ICO anymore but people will once again invest, this time in IEO.
With that, legit altcoins will eventually rise because when there is a FOMO, no legit project that will be left out.