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.
Indeed, a few years ago, a huge number of ICOs were held every week, but if you check how many of those projects have survived to this day, it turns out that most of the teams of new projects simply stole investment funds. That is why today ICOs are in very low demand, since investors do not have security guarantees for their investments. but nevertheless, if the project really has very good prospects and the developers are able to interest investors, then the implementation of the project under the ICO procedure may well be successful. The main thing is that the whole process is transparent and investors are confident in good prospects.