New analysis from crypto information aggregator CoinGecko exhibits that airdropped tokens are likely to print their report highs inside weeks after the airdrop date.
In a brand new report, CoinGecko seemed on the worth motion of tokens that had been a part of the biggest airdrops between January 1st, 2020 and February 20, 2024 to search out out the variety of days it took to realize peak positive factors.
The examine exhibits that 23 out of the 50 cash (46%) that had been a part of the examine recorded all-time highs inside two weeks after launch. The 23 cash generated returns starting from 37% to 425%.
“This means that the perfect time to promote airdrop tokens could also be inside 14 days of receiving them, with a view to take most earnings.”
Of the 23 crypto belongings, 16 recorded peak positive factors between day two to 14 after the airdrop date. The remaining seven hit report highs on the day of the airdrop however had been unable to recuperate after.
CoinGecko says the info means that airdropped tokens are more likely to witness peak curiosity shortly after the occasion.
“This confirms that token airdrops are an efficient advertising and marketing or progress tactic, but in addition signifies that curiosity in a particular token tends to develop following an airdrop as extra individuals speak about it, reaching its peak shortly thereafter and is mirrored within the token’s worth.”
In the meantime, the 27 remaining tokens that had been a part of the examine hit peak positive factors 15 to 581 days after their airdrop date. The report says favorable market situations and venture progress drove up token costs.
You possibly can learn the total report right here.
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