A market that is recovering will make the value of the tokens better when it is listed on the exchange. This is a great opportunity for us to invest in ICO projects and make a lot of money. But I encourage you to analyze and invest in good projects. If your ICO project is bad, your money will be lost even though the market is rising.
I would agree that the market presents a good opportunity to enter into alts, but only on the open market (trading). They've never been at such low periods for so long thanks to Bitcoin, and I still believe crypto will hit ATHs many more times, so if you take into account so many good alts at 20% or so of their prices, ATH is 5x.
But ICOs I'm not sure. Your BTC and ETH are so cheap now you'll be buying poor token values for them. I would even wait for ICOs to list and buy them after dumps.