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CoinGecko, an aggregator of cryptocurrency data, has recently published an insightful study that could serve as a significant guidepost for airdrop recipients.According to CoinGecko's analysis, nearly half of the major airdrops recorded peak token prices within a fortnight of their distribution date.
ai best opportunities tax saving ✌️【365vc.net】✌️Start with as little as ₹500. Safe and smart fund investments to grow your wealth.Specifically, 23 out of the 50 biggest airdrops saw their value skyrocket shortly after release, suggesting that early selling might be the key to profit maximization.Noteworthy examples includeEthereumName Service (ENS) and X2Y2, which showed impressive gains of 73% and 121% respectively by just the second day of trading.
ai best opportunities tax saving ✌️【365vc.net】✌️A trusted platform for online earnings. Start small and make big profits monthly!On the other hand, airdrops such as Blur, LooksRare, and ArbDoge AI also demonstrated substantial profitability in the short term.The CoinGecko analysis further broke down the airdrop performance across different market conditions, providing a nuanced view of the crypto-landscape.During the 2021 bull run, 38% of airdrop tokens reached their all-time highs (ATHs), underscoring the influence of overall market trends on token valuations.
For instance, Uniswap's ATH price return of 1,145% was a staggering tenfold increase over its highest returns in the initial two weeks of trading.Conversely, in 2022's bearish climate, the study indicated that immediate selling post-airdrop was generally more advantageous, particularly for non-NFT tokens.
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