I see the future of ICOs in the dumpster in five years and I will be very happy if it happens. The current ICOs are dirtying the crypto markets with the rampant scams running, most of the projects failing and not even able to survive or come up with a working product. The ICOs are making the new users afraid of crypto currencies who have lost their money in ICOs.
Yes mate I totally agree with you. I suppose the amount of ICO will hopefully decrease 10 or 20 times. Large amount of them are scams and copies of existing projects bringing no creative or new ideas to the community.
And the most evil that they are the reason why cryptocurrencies being considered negative and suspicious.
Also I suppose increasing amount of new coins diversifies the amount of market money greatly and we see money flowing from greater projects to the unknown undefined projects.