Well, Its happen right now since btc hit $20k last year. Many people are develop their idea to enter in crypto world, which is make competition on any project will be violent. Then it make scammer joined to create their ICO as well, so we will difficult to choose what the true project one.
It is very difficult to choose the right projects. There are many who want to call the project seriously and effectively. But there are more people who want to take advantage of the ICO for personal gain through fraudulent activity. Identifying effective ICOs requires careful consideration, insight, experience and a bit of luck.