It seems that ICOs are not as good as we thought earlier last month when it had great effect on ETH price. Look just few weeks later where ETH ICOs took ETH price! All ICOs are cashing out to start dev operations. From that perspective I am not excited about any NEM based ICOs namely the ones that would employ crowd sale. Cause whatever they will add to NEM price it will eventually evaporate as what is happening now with ETH ICO bubble.
true, but you're looking too short term. if they're cashing out to start operations, and successfully build and deliver to their ico roadmaps, this can build signficiant value in the longer term.