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CoinGecko instructed us when is the perfect time to promote tokens via airdrops

Air drop

Of the 50 largest airdrops, 23 of them recorded their token value peaks inside the first two weeks of launch. This follows from the brand new a report CoinGecko consultants.

In explicit, we're speaking concerning the following tasks:

  • Ethereum Name Service (ENS). The distribution occurred in 2021. The estimated worth of the cash at the moment was $1.8 billion, and the value of the token rose by 73% on the second day of buying and selling. ATH – $84, buying and selling at $21 on the time of writing, in accordance with TradingView;

  • X2Y2. The distribution occurred in 2022. It was allotted 120 million X2Y2. By the second day, the asset's value had risen by 121%, then shortly declined. ATH - $4.3 for the time being. During the preparation of this text, the value of the token dropped to $0.014, in accordance with TradingView;

  • Blur. The airdrop in 2023 occurred in two levels. The complete estimated worth of the belongings is $818 million, and in the course of the first distribution the BLUR price elevated by 90% on the second day of buying and selling. ATH - $8.3 for the time being, on the time of writing - $0.69, in accordance with TradingView;

  • Seems uncommon. Distribution occurred in 2022. Estimated worth - $712 million By the tenth day, the asset value rose 192%, then fell. Currently, the value of the token has reached $7.1, and in the course of the preparation of the article it was buying and selling at $0.08, in accordance with TradingView.

In addition, CoinGecko consultants famous another tasks, specifically: ArbDoge AI (425% on day 14), Jito (43% on day 2), Wen (37% on day 3), Dymension (75% on day 10), Manta (72% on Day 12) and Mafia Champions (217% on Day 13).

According to the chart beneath, seven tasks peaked on distribution day, 10 tasks peaked between two days and 7 days, six tasks peaked between eight days and two weeks, 13 peaked between 15 and 100 days, and 14 tasks peaked between 15 days and 100 days.

Peak token price values ​​for tasks that carried out airdrops. supply: Queen Gekko.

19 out of fifty tasks recorded ATH on their tokens amid the rally in 2021. CoinGecko consultants urged that in some instances, merchants might contemplate storing tokens from drops for an extended interval.

This additionally is smart for 2024, the report says, because the approval of spot Bitcoin ETFs causes a brand new spherical of value progress available in the market.

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