According to cryptocurrency data collector Messari, so-called “fair release” tokens outperform most projects issued through central token distribution events.
Messari defines Fair Launch tokens as an advertised launch without pre-mining. These include the ten oldest cryptocurrencies, Bitcoin and Litecoin, as well as newer DeFi ventures such as Yearn.Finance and SushiSwap, and the 2013 altcoin veteran Peercoin.
Fair Launch Codes seem to have more than doubled the broader cryptocurrency market in the past three months.
The 1,026 top cryptocurrency markets averaged 9.56% this week, compared to an average profit of 31.44% that Fair Launch projects received over the same period.
Fair Launch Tokens have increased 145.33% over the past 30 days, up from an average crowdfunding of 49.50%, while Fair Launch Projects have increased by 296.46% over the past 90 days, up from 112.41% …
Fair Launch Codes also outperform Ethereum-based average assets, which are up 1.90%, 43.82% and 248.45% respectively in the last 7, 30 and 90 days.
The data shows that all but one of the top 20 tokens to launch fairs paid off this week, with DOGE falling only 20%.
Nonetheless, DOGE is the best Fair Launch player in the past 30 and 90 days, gaining 515% and 1815% respectively after being pumped up by the popular r / Wallstreet side bet at the end of January.
After a sinister dump, DOGE is reuniting after Tesla’s hypothetical CEO, CEO Elon Musk, tweeted about the meme in early February.
The performance of the fair’s tokens is also boosted by the Bitcoin meteorite, which has hit an all-time high since it first surpassed $ 20,000 in December. The strengthening of the Yearn Finance ecosystem has also contributed to the recent strong performance of Yearn and SushiSwap.