I think if the coin didn't succeed to surpass ICO price, it remains around it, but doesn't go below it unless unusal thing happened, There are many examples of successful ICO, last one is Stratis, from other hand, Rise haven't managed to go over the ICO price, this depend on the dev team and investors.
Waves is also suffering the same fate as Rise as of now. This is a bad sign considering that they have accumulated almost the same amount as Ethereum in their ICO.