I am really expecting surprises with this talk around ICOs, It is a very difficult prediction of is comeback but we have had some ICO this year and I can say they were all with good valuation. Another factors that affect the ICOs this year is the bad world economy and pandemic. Some really made good money from Defi, bitcoin etc but new small investors could not participate in crowdfund like in previous. We had more huge successful private sale than public sale this year
maybe it's not just you friends who hope to return to an ICO again, the evidence is overwhelming because it has produced a lot and has proven to be very reliable, but because of the greed of some people that makes ICOs shunned. because most of them resulted in a scam and a lot of harm to investors and even bounty hunters who have been supporting it diligently.
but in crypto there is nothing impossible that the heyday that has been given by the ICO is greatly missed and hopes to grow many renewable ICO projects with changes that can make all happy.