Most people do aim to invest in the ICO just to take advantage regardless of the market conditions in advance they assume under any circumstances will make a profit, in fact this is what makes them lose, and forget about the risk Invest in Crypto.
In fact, it often happens that some of their ICO projects always postpone the launch of their tokens on the exchange, I often even see the team saying they will soon enter the market in the next few weeks, but it is true that this is nonsense until this project takes investors' money away.
Investors now know better which ones will be invested in the future, no longer choose ICO because it is considered a scamer if there are projects holding ICO.
so you think is there no more ico legit, actually there is still exist but hard find the good one.
so you need analyze first with carefully, if there no ico that mean develovment for blockchain already is complete and there will be no further development.