Don't you want to just join the hype instead of going backwards to projects that have higher risk by now? There are good projects from ICO, no doubt but right now it will be difficult to find those types. Most investors eyes right now are on NFT's and you might want to stay there for a higher chance to make profits in short or long runs. Memecoins are also on the front lines but I don't really recommend that. The chances of being rekt is higher there than going for NFTs. I recommend the gaming industry type of NFTs.
I would say that every niche in the industry has its appeal to investors. NFTs are indeed a hot topic and that is the case for a good reason. Still though there might be some ICOs that need to raise money and do in fact have great plans and the capacity to turn their ideas into reality. I think it is wise to say to have all the sectors under frequent scrutiny. There are so many opportunities in crypto, you just have to put effort into your due diligence and, after all, be a bit lucky. In my opinion luck does always play a role when you put your money to work for you.