I think volatility usually is highest during the first few weeks after a coin hits the exchange. Its recovery will ultimately depend on its intrinsic value. That said, ICOs are high risk, high reward and not meant for all investors.
I've been researching about a certain project called MenloOne that's soon to launch as an ICO marketplace. According to its CEO, it aims to help stop fraudulent ICOs with the use of their decentralized platform that utilizes a proof of reputation algorithm. So far, I don't see other projects like this and cancan only imagine how this might change the way retail investors choose and invest in ICOs.