I think you want to try to invest in ICO/IEO. There are a few things we have to analyze, so we can get good Altcoin. The way you've mentioned above, I think it's the right way.

However, I would like to add that you should check the feasibility of the project. When you then choose an ICO project, people should consider the concepts, objectives, and strategies. So we also know about the future of the project. A good ICO of course not only has a profitable idea but has a goal plan to achieve it.