of course it's still profitable but the investment in ico is very good but you have to find a quality project and now it's hard to find, most of the ico projects are scams and one thing the investment in ico is very high risk so if we don't have enough experience in researching ico then it's better to stay away.

It all depends on the project if you can choose a good project, of course it will be profitable and for now in my opinion a good project is rarely found so you have to be smart in choosing projects