I don't have any hope in ICO projects anymore. The hype is over. People are now more interested in IEO projects and DeFi projects than ICO. I also think that not many project choose to do ICO right now since they already know that people don't care about ICO anymore. ICO has too many disadvantages and risks that investors and developers all know!
I have a feeling that the IEOs are also overhyped. Back in 2019, there were a number of IEO projects, which returned good profits to those who invested in them. But soon the ecosystem became nonviable. Big exchanges such as Binance and Huobi started charging millions of USD for a single listing and the medium sized exchanges such as LATOKEN started listing projects without any screening.