if you find out, deeper you might find a good project out there, moreover this is the IEO era, where it means there is safer security, where it's like giving new hope to investors. well maybe the market is bearish now, but it's only a matter of time, until conditions return stable
Although there are already IEO projects but that does not mean they will succeed, many IEO projects also fail if they only make sales on a small Exchange. I think now many investors no longer believe in the Crypto project after many ICO projects were scammed at 2018.
Now many IEOs fail and it makes the project undeveloped because IEO on a small exchange that is not widely known by investors,