This is why ICO died in 2018. When ICO was very rarely to be found, you could pretty much found good projects with fresh ideas with that day and most of the ICOs on that day were successful, also when they got to the exchanges, the price was pumped up to 3x from the initial price which was quite impressive on that day.

And again, once it becomes mainstream to "grab quick money" then you can guess, most of the greedy fuck scammers out there trying to "camouflage" their scummy intent and it keeps going until today because many people falling into this stuff. Compared to 2018, you can find more of scammers over the legit ones.