i hope people are now smarter than before. look at those projects holding their ico these days, very rare that you will encounter a project that raised their targets. most of them can't move forward because they failed to raise funds.
so that's a good sign over there. people dont trust anymore this type of fundraising. actually, the OP is already very generous about stating that about 10% will survive, i believe it is lower than that. look at the current list of coins or tokens. how many of them are existing for at least couple of years?
I am agree with your opinion. Many people lost their funds in shit coins projects. But many people now know which projects to invest in and which not. Such people are always looking for a good project in which they invest and earn good profit. But peoples who new come to the market are still victims of these fake projects. Therefore, it should be verified before buying any company's coin
It is not an easy talent to have, it is definitely one of the hard ones, it takes time to actually be like that. I think investing into projects early on is one of the most risky things you could do in the crypto world, but if you are right and you get it right you are going to end up with some huge amazing return. However doing that is not easy, because you will have to see and learn about how a project could be good or not, why it could be good and what makes it good, after you learn these things with countless projects and see which ones happen to go up and which ones happen to go down, you will be capable of starting.
This requires you to research hundreds of projects without investing, and checking on them constantly to see what they are doing and how they are doing. If you can wait that long and work that hard without profiting at all, you will learn the best of them.