as we know that in 2017 many ICO were successful (at least reached softcap) and of course the market cap was also very high at the time, so it proves that many people are interested to investing in cryptocurrency, but now where do these investors go? because now the market cap is down and many ICO or IEO are failing (not reaching softcap), are investors no longer interested to investing in cryptocurrency? if yes, where are they investing now? or is there a more profitable investment than investing in cryptocurrency for now?
Yes to your question, there are still many people investing in Cryptocurrency, people still put in some good quantity of USD for crypto investment. However investors are now wiser cause different projects spring up everyday, investors do thorough research before putting in funds so most doesn't really invest in ICOs again.