New analysis from crypto information aggregator CoinGecko reveals that airdropped tokens are inclined to print their document highs inside weeks after the airdrop date.
In a brand new report, CoinGecko seemed on the worth motion of tokens that have been a part of the most important airdrops between January 1st, 2020 and February 20, 2024 to seek out out the variety of days it took to attain peak positive factors.
The examine reveals that 23 out of the 50 cash (46%) that have 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 implies that the very best 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 property, 16 recorded peak positive factors between day two to 14 after the airdrop date. The remaining seven hit document highs on the day of the airdrop however have been unable to recuperate after.
CoinGecko says the information means that airdropped tokens are prone to witness peak curiosity shortly after the occasion.
“This confirms that token airdrops are an efficient advertising or development tactic, but additionally signifies that curiosity in a selected token tends to develop following an airdrop as extra folks discuss it, reaching its peak shortly thereafter and is mirrored within the token’s worth.”
In the meantime, the 27 remaining tokens that have been a part of the examine hit peak positive factors 15 to 581 days after their airdrop date. The report says favorable market circumstances and mission development drove up token costs.
You possibly can learn the total report right here.
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