A good launch of a project doesnt always concern its ability to raise funds through ICO or IEO but the capability to share a unique and working mvp product or services. Yes, some invest on hypes in the recent boom of IEO but those who take look of what really good on the project will still buy back the tokens of those potential project that have launched after getting the profit from ATH during release on market. Take a look on Celr project and matic of Binance launchpad these two are good in terms of technicality and quality of project.
We can say whatever we want but I've learnt that good projects that has zero ability to raise funds will eventually die. People in this space are not yet mature enough to judge and use a coin purely based on its strengths and tech advantage alone. Those that are mature enough don't make up a good enough minority or are already using alts like Monero for example... and see how long they will take to gain strength equal to Bitcoin.