Have ICOs killed off future distributed coins?

[RiseandFall]

After 6 months of not having looked at coinmarketcap I was shocked to see a totally different top 100. Coins like Peercoin, namecoin etc have all been pushed out the top 100 by 100% non mineable ICOs. ICOs now make up 72 out of the top 100 on coinmarketcap.

I am not saying it's a bad thing but these ICOs are mainly promising products and services that are going to be used around the blockchain but not actually doing any blockchain innovation themselves.

In the top 100 I can spot 4 coins besides bitcoin that are actually doing real innovative development on the blockchain itself.

1. Ethereum
2. Dash
3. Syscoin
4. Gulden

Is there any point in developers trying to start coins with a real distributed system or is the money so good with ICOs that it's best just to come up with ideas and raise funding whether you produce the end result or not?  

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[Opnsrc]

Don't worry about it. ICO is is new trend. ICOs populating cryptocurrencies to many of people.
So everybody will receive profit of this. This is history that is happening now! 

When time just past everything will calm down. And in my opinion next coil of revolution is ICO on decentralised platforms.

[Valzador]

Don't worry about it. ICO is is new trend. ICOs populating cryptocurrencies to many of people.
So everybody will receive profit of this. This is history that is happening now! 

When time just past everything will calm down. And in my opinion next coil of revolution is ICO on decentralised platforms.

I dont hate ICO but I really hate the shitcoin, the project roadmap is clearly exposed but when the coin goes to market the price goes down and no news from the developer team, he just wants our money.

[VanDerWaals]

This coins cab be high for now and for a some time after ico, but if they are really about nothing without any innovations they will go down fast.

[pitiflin]

ICOs have become like trash of late,they aren't as successful as they used to be before,they used to give profits most of the time and now people are selling their tokens at loss. China and South Korea banned ICOs because they wanted to avoid money laundering cases as a few ICOs are scamming people.
The hype that ICOs used to have doesn't exist anymore,its become the same like shares. In the beginning people used to invest in shares randomly without even thinking of a loss and it was the same for ICOs and then times changed. You have got to do some Due diligence on your own before you put your money in something.

[sensimilia]

Is this one of those low key shill threads?
ETH/DASH are nice coins, the other 2 are probably coins you are holding and shilling.