Investing in ICOs is known to be more than a gamble, than an investment. However, even if it is considered to be a game of chance, you cannot just throw money and invest in different ICOs randomly. Before investing, it is important to look at three aspects of an ICO; understanding of an ICOs value, the team behind the company, and the interest of people in it. In addition, it is also important to make sure that the people behind the company are real people. Knowing their background and where they are located would be helpful as well. Moreover, hype regarding their ICO drops should also be taken into account, and as well as the number of people who follow them in different social media platforms. Lastly, it is also helpful to scan their white paper for more information and to be able to gain understanding on what they want to build.
Of course, you can not invest your money in any project. To find an ICO for investment, you need to spend a lot of time looking for a project. It is better to invest in several quality projects than in 100 poor-quality ones.