No, it isn't. Many good projects still undervalue and under ICO price too.
that's chance for you to grab some cheap one. just make sure you know about the thing you buy
I agree. There is many undervalue projects at this time. I participated in about 3 projects which now are under ico price.
The risk is to buy coins that are not top 100, but also risk buying those that are top 100.
There are many factors - do you want big profit, how much you will invest, short/long term investment. I bought a coins which is not the top 100.