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SMART smartai in India for beginners ✌️【Market Analysis】✌️₹500 is all you need to unlock fast, high returns. Start investing today!CoinGecko's study on airdropped tokens reveals early selling is crucial for profit maximization, with significant gains observed in 23 out of 50 largest airdrops.Airdropped tokens, often seen as a windfall for cryptocurrency enthusiasts, come with the strategic dilemma of the best time to sell for maximum gains.
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.
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SMART smartai in India for beginners ✌️【Market Analysis】✌️₹500 is all you need to unlock fast, high returns. Start investing today!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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