Actually many coins from Icos are no longer profitable the ways was back in 2016/2017. Many of the newly launched coin/tokens are mostly listed on project ICO prices making it uninteresting to many investors especially the smaller investors. Some of these new project have various sales options, like presale, with different price, and public sales with different prices and even IDO with different sale prices. The listing price of many of these project are very annoying, imagine buying a coin on certain presale at $0.02 and it was listed at $0.02 and when price rise a little many people dumped the coin. Infact, ICOs are no profitable investments these days.