Cryptocurrencies
Half of ICOs Die Within Four Months After Token Sales Finalized
- Boston College study found that ICO returns are declining
- Best strategy may be selling the tokens within six months
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About 56 percent of crypto startups that raise money through token sales die within four months of their initial coin offerings.
That’s the finding of a Boston College study that analyzed the intensity of tweets from the startups’ Twitter accounts to infer signs of life. The researchers determined that only 44.2 percent of startups survive after 120 days from the end of their ICOs. The researchers, Hugo Benedetti and Leonard Kostovetsky, examined 2,390 ICOs that were completed before May.