I used to follow lots of ICO and IEO but I found out that it is just a waste of time. Instead of following new projects, I started to follow old projects with strong community and developers. At least this cryptocurrency project had already established its ground and have delivered majority of their goals. It also enable me to take advantage of hypes and fuds because it is already trading in the market.
I think many of us did the same thing, I remember thinking that altcoins were the future and that many of the coins in the market had a real chance to challenge bitcoin and now I cannot believe I had those views at some point, this market belongs to bitcoin and most likely this is going to be true forever and since then I only follow bitcoin and a few other altcoins that are actually good and have gained the recognition of the community since those are the only coins that will survive in the case of another bear market.