To analyses an ICO Many basic fundamentals need to play in like the; because most ICO are money grab and we have many scam project out there; To release your fund to this founders you need to do some research because when it goes to zero your investment fund are gone. Below are basic things you should look out for an ICO.

Team :  You need to check the authenticity of the team and check the strength of the team to ascertain if they are capable of delivering on their claim. Check their paste record also.
Token Use-case: A project might be successful but the platform might not have a strong token use case, this in the long run would affect the value of the token.
The Project : You need to be able to ascertain the market audience of the token, who are to use the platform.