Scammers are flooding the market with fake ICOs, that causes lots of regulations - it might be positive thing for more conservative investors.
Due to scams - Facebook, Google, Twitter have banned ICO, Wallet, Exchange related ads on their platform. So right now it is quite difficult to attract and enlight people about this technology.
And since people are investing so blindly without proper due diligence it is obvious that majority are receiving negative returns especially in current bearish market.