Insights from Coingecko's Study
Analysis by Coingecko highlights the crucial question for users: When is the best moment to sell airdropped tokens for maximum profit? Coingecko delves into the data of the top 50 airdropped tokens to shed light on user behavior and market dynamics post-airdrop.
Data indicates that 46% of the top 50 airdropped tokens hit their peak prices within two weeks after the airdrop. Notable tokens, such as ENS (+73% on the 2nd day) and ArbDoge AI (+425% on the 14th day), showcased significant short-term gains. This suggests that selling airdropped tokens within the initial 14 days could lead to optimal profits.
During the bullish market of 2021, 38% of airdropped tokens reached new highs, benefiting from favorable market conditions. Conversely, in the bearish climate of 2022, only 11 out of 50 tokens achieved all-time highs. Coingecko's analysis emphasizes the importance of adapting selling strategies based on prevailing market conditions.
With the approval of a Bitcoin ETF in the US, bullish sentiment is on the rise. In 2023 and 2024, 21 tokens reached all-time highs, indicating a possible shift towards holding strategies amidst anticipated bullish market conditions.
In summary, the optimal timing for selling airdropped tokens varies according to market conditions. Rapid selling during bear markets may maximize profits, while holding could lead to higher returns during bullish periods. Coingecko's analysis underscores the significance of market awareness in determining the best strategy for airdropped token management.
The AVAIL Claims Portal is now live. You can visit the Avail Claims Portal, agree to the Avail Mainnet Terms and Supplemental Airdrop Terms, and follow the claim process to verify your eligibility for the airdrop.
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