The approach is correct, but as long as you check all this, it can change so that you change your mind. It can be better to trust people and watch the most active projects on the market with the maximum number of investors and support from developers.
Yes maybe it changes it depends upon on how to manage the developer on their project or after ICO ends their gone.
We need to look up the OP post it was very helpful to us as a investor here in crypto.
But there are 4 points you need to know about. Go to their website or thread. Collect these information.
-market cap
-price
-circulating supply
-volume
These guides are all correct we must look at these first before we invest on ICO's project.
Great idea it is very helpful for those newcomers who want to invest in the project they've choose.
I apply these research when i want to invest in ICO project.