‘Fair Launch’ tokens outshine the average coin’s performance

So-called “fair release” tokens outperform most projects released via central token distribution events, according to Messari crypto market data collector,

Messari defines Fair Launch tokens as a publicly announced release without any form of pre-mine. These include the ten oldest cryptocurrency assets of Bitcoin and Litecoin, newer DeFi ventures like Yearn.Finance and SushiSwap, and the veteran 2013 altcoin Peercoin.

Fair launch codes appear to have more than doubled the wider crypto market over the past three months.

The top 1026 cryptocurrency markets gained an average of 9.56% over the past week, compared to an average gain of 31.44% that Fair Launch projects saw during the same period.

Over the past 30 days, Fair Launch tokens are up 145.33% compared to the crowd encryption average of 49.50%, while the past 90 days have seen Fair Launch projects rise 296.46% compared to 112.41%.

The fair launch codes also outperform the Ethereum-based asset averages, which have gained 1.90%, 43.82%, and 248.45% over the past seven, 30 and 90 days, respectively.

Data shows that all but one of the top 20 fair launch codes have posted gains this week, with DOGE down only 20%.

Nevertheless, DOGE is the best-performing fair launch asset of the past 30 days and 90 days, gaining 515% and 1,815%, respectively, after its popular subreddit r / Wallstreet pumped it out at the end of January.

After a fierce dump, DOGE rocketed again after its hypothetical CEO, Elon Musk, CEO of Tesla, tweeted about the meme-coin in early February.

Fair Launch tokens’ performance was also boosted by the Bitcoin meteorite, which has reached an all-time high since it first crossed $ 20,000 in December. The strengthening of the Yearn Finance ecosystem has also contributed to the strong performance of Yearn and SushiSwap recently.