New analysis from crypto information aggregator CoinGecko reveals that airdropped tokens are likely to print their report highs inside weeks after the airdrop date.
In a brand new report, CoinGecko appeared on the value motion of tokens that had 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 beneficial properties.
The examine reveals 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 implies that the perfect time to promote airdrop tokens could also be inside 14 days of receiving them, with a purpose to take most income.”
Of the 23 crypto belongings, 16 recorded peak beneficial properties 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 get well after.
CoinGecko says the info means that airdropped tokens are prone to witness peak curiosity shortly after the occasion.
“This confirms that token airdrops are an efficient advertising and marketing or development tactic, but additionally signifies that curiosity in a selected 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 value.”
In the meantime, the 27 remaining tokens that had been a part of the examine hit peak beneficial properties 15 to 581 days after their airdrop date. The report says favorable market situations and undertaking development drove up token costs.
You’ll be able to learn the complete report here.
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