Be careful! 2018 has seen most ico's drop below ico price and many don't make it to exchanges (not counting idex, etherdelta) I also invest in ico's but not exclusively. I've seen some of mine drop below ico price and some go 2 x...still hoping for some market recovery and some bigger gains.
That's right. Some projects are pure hype with no actual intrinsic value... Menlo One will change that soon and I'm hoping that its release won't be postponed any further...