ICO never came back, IEO is not trending anymore do you think that metaverse won't vanish in near future? It's like every trending crypto hype will fade away sooner or later and new thing will come around again, are we just going around in circles?.
The market is evolving! There is no better explanation for that! Some people made big money (and some lost) during all crypto hyps (and we had many), and from each period we have some gems that worked a miracle at some point, and some of them are still here and thriving! Ethereum was an ICO and we can all see where it's now, on the other hand, many ICO projects have disappeared! It's the same in every hype, most of the projects are pure junk, but there are gems that will survive and make progress!
Now, how good are you at analyzing the market and discovering hiding gems that much profit you can make!