You can call that, majority of the projects in the market are created expecting to make good returns by the developers and some started for fun just copying the source code of BTCitcoin and launching as their own and to my surprise everything is valued a few years from now and some of them are over $100 even the developers who created them for fun never anticipated, but the market is moving forward and new investment coming in for all the early coin and i am not a big fan of initial offers either because you need to have a trust to the developers to complete the project after collecting the money and the risk factor is really high.