More will fail then be successful due to the nature of how many ICO there are. That is the risk with investing in ICO ... if you do your research and jump on a good one then it can be very profitable. If you jump on a bad one then your cash is dust. Its a gamble like everything crypto related.
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Dear my friend, yes there are too many fake Ico and they deserve to be crashed, but some was very promising like Savedroid, they are german and they got approval from german goverment to start their project, and what now? Market price sell 0.01 euro and now value 0.001 euro!