I think we are going to see more ICO regulation and more governments getting involved (either being a part of or trying to control).
My guess is bitcoin continues its exponential price rise and I will just be hodling most and trading some.
It seems to me that those two things combined are going to give a terrible blow to icos in the next year, the government regulation is something I do not like but it seems it was necessary especially with the number of scams, but with the price of bitcoin going higher and higher then why we need to invest in icos, the answer is that most of us are very happy with our earnings and will not invest in icos as long as this bull market continues.