right, because not all altcoin is shitcoin, so there are still many people who support IEO, like me. it's just that, don't expect too much, even though sometimes there is volume, however, the price is not in accordance with the initial price. however, we deserve to try it. the thing to guard is you know the development of the coin do you know the right time to sell it.
But many of them are. It is obviously due to the massive dumps. IEOs are okay, because it requires the devs to comply with the requirements provided by the exchange that their coins wanted to be list at. That only eliminates the possible scam that might happen, but it doesn't eliminate how would that coin would go for long term.
I've seen many coins in EtherDelta being dried out already, especially the altcoins that I was hodling before. People should look into the uniqueness of the project itself and not just the common ones, because probably the project will be abandoned by the investors in less than a year due to its commonality.