Most ICOs just want money and don't want to implement their projects, which are mostly tokens that you don't really want to invest in. All these tokens correlate with Bitcoin and Ethereum prices, which has pulled them all down. Of course there are still outstanding projects such as ADA, QTum, IOTA, EOS, ... are real projects, and it calls a huge amount of money from investors.
The fact that a huge number of projects have been created on the basis of Ethereum - this at the same time makes Ethereum very popular, as well as in the case of the massive sale of tokens and withdrawal into fiat money, this puts a lot of pressure on the Ethereum price.
Most people just wants money, Tins! ICO`s are start-ups that needs money for developing, but people who invest money in their new
projects don`t have time to wait for that, they want profit in days. Which is impossible.
Rogkim1 many projects are created on many platforms, but there isn`t enough people to support all those projects. Crypto needs new people, more
people needs to join and to support this projects. For now projects have a hard time to find real, wealthy supporters ready to invest in them. We here
are already sick from so many new things, but reality is that outside world don`t know much about all this.