BTC: New Cryptocurrency Coin Mostly Underperform Relative to Bitcoin – Bloomberg

BTC: New Cryptocurrency Coin Mostly Underperform Relative to Bitcoin – Bloomberg

Blockchain Crypto Market Technology
May 1, 2022 by Coinvasity
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Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden’s administration.Technology is changing how business is done in most every industry, but there are some who have been affected the most: like newspapers, manufacturing, healthcare and beyond. Quicktake Original series, System Shock, will tell the stories of
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Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden’s administration.
Technology is changing how business is done in most every industry, but there are some who have been affected the most: like newspapers, manufacturing, healthcare and beyond. Quicktake Original series, System Shock, will tell the stories of this revolutionary technology.
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About 80% of freshly minted cryptocurrencies are underwater and their average returns are close to zero relative to Bitcoin within a year, according to a Jump Crypto analysis.
While there are a few high-profile outliers, the majority of new coins were underperforming within the first month, the public-facing crypto brand for Jump Trading Group found, after analyzing 3,759 tokens — excluding assets like stablecoins — that were listed on CoinGecko and CoinMarketCap between the middle of 2013 and the end of last year. Jump measured returns from the token’s inception through the end of 2021.

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