Just look at the numbers. During 2018, we used to have 200-300 different ICOs going online every week. Currently, this has been reduced to a fraction of that level (< 10 per week). We had some great ICOs in 2017 and the preceding years, such as NEO, Ethereum, Stratis and NXT. But how many such projects we had in the last 12-18 months? I am not very hopeful about a revival of the ICO sector.
I don't have any hope in ICO projects anymore. The hype is over. People are now more interested in IEO projects and DeFi projects than ICO. I also think that not many project choose to do ICO right now since they already know that people don't care about ICO anymore. ICO has too many disadvantages and risks that investors and developers all know!