OP, you have made a very good point about ico. Basically, you must understand how ico was working. I thought that if you aware of the cycle of ico and you will be very easy to make a profit from this kind of short-term investment.
You could make a decent profit from the major coins in the past but it's not for these days as the situation is really different.
What you need to do and you must control your emotion. Anyone who invests in ico should play a hit and run strategy to make sure they will not lose everything.
Is there still an ICO projects? I thought most of the are now adapting the IEO? Well that's true I invested before to ICO multiple times especially on presales and what happened is that after hitting the exchange the value of my investment almost reduced up to 60%
There's still a lot of ico projects are exist in the market. Just visit icodrop and then you will see a lot of legit icos are still alive.
Aside from icodrop you can visit also the following sites and you will see there are still active ICO projects going on. But here in the forum, seems they are fading away already. Maybe people here in the forum have had enough and don't want to be screwed anymore by these ICOs.
Even IEOs are slowing down because people are into DeFi hype these days. But whether ICO, IEO or DeFi, people should always do their due diligence before sending any penny to these projects.