Mainnet Launch Announcements Correlated with Trading Disasters

13 Aug 2019

Mainnet Launch Announcements Correlated with Trading Disasters

Cryptocurrency projects tend to make a lot of launching their mainnet as a significant milestone. For some types of blockchains, the launch of a genesis block is easier, while others require a more detailed approach to securing block producers. But when it comes to trading, the days and weeks preceding the launch usually boost the price. Later, the price tanks.

A recent blog showed a statistically significant relationship between the news of a mainnet launch and a change in trading direction.

“Returns after a mainnet launch were largely negative. Out of the 14 projects we tracked, 10 had negative seven-day returns with a median return of -7.5%, -8.9% vs. the BTC benchmark. Folks are (mayb...

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(function () { window.newsImageConfig = { width: 650, height: 397, isHideTransformation: !(window.oldIE || window.explorerEight) }; $('#carouselImage').fitImage(window.newsImageConfig); $('.imgGrad').css({visibility: 'visible'}); })(); var imgsArray = [{"src":"https:\/\/i-invdn-com.akamaized.net\/news\/Cryptocurrencies_800x533_L_1535981327.jpg","title":" Mainnet Launch Announcements Correlated with Trading Disasters "}]; var imgsSlider = new ImgsSlider(imgsArray || []); window.newsPageIdentifier = 1953662; $(function() { // Initialize chart block var chart = Object.create(FP.Modules.js_sideblock_chart()); // Set containers chart.set_wrapper('quotesBoxChartWrp'); chart.set_chart_container('quotesBoxChart'); chart.set_loading_container('quotesBoxChartLoading'); chart.nav(); // Trigger chart's rendering $('#quotesBoxChart').trigger('chartTabChanged'); }); Indices Commodities ETFs Crypto More Categories $(document).ready(function(){ tabsWidgetOnelevel('', 'storedSiteBlockQuotesBoxTabObject', 'quotesBoxWithTabsTop', +''); }); Tabs SelectionIndicesCommoditiesETFsCryptoStocksForexBonds%COUNT%/4 selected Apply1D1W1M6M1Y5YMax S&P 500 Futures2,926.12+45.87+1.59%  S&P 5002,925.70+43.01+1.49%  Nasdaq 1007,717.96+156.28+2.07%  Dow 3026,295.78+398.07+1.54%  SmallCap 20001,513.10+17.83+1.19%  S&P 500 VIX18.48-2.61-12.38%  FTSE 1007,248.65+21.93+0.30%  DAX11,749.03+69.35+0.59%  Crude Oil WTI56.72+1.79+3.26%  Brent Oil60.51+1.94+3.31%  Natural Gas2.167+0.062+2.95%  Gold1,516.25-0.95-0.06%  Silver16.995-0.076-0.45%  Copper2.628+0.043+1.66%  US Soybeans891.88+12.88+1.47%  US Wheat474.62+3.62+0.77%  SPDR S&P 500292.33+4.23+1.47%  VelocityShares Daily 2x VIX Short Term linked to S19.13-2.30-10.73%  Invesco QQQ Trust Series 1188.10+3.76+2.04%  Direxion Daily Junior Gold Miners Bull 3X Shares86.61-3.10-3.46%  VelocityShares 3x Inverse Natural Gas linked to S&173.87-14.02-7.46%  ProShares Ultra VIX Short-Term Futures32.9983-2.9835-8.29%  ProShares UltraPro QQQ61.90+3.54+6.07%  VanEck Vectors Gold Miners28.4879-0.5200-1.79%  BTC/USD10,998.0-405.4-3.55%  ETH/USD207.02-5.01-2.36%  BCH/USD337.26+6.01+1.81%  XRP/USD0.29539-0.00621-2.06%  EOS/USD4.0284-0.0947-2.30%  LTC/USD84.080-2.420-2.80%  ADA/USD0.050931-0.002064-3.89%  XLM/USD0.07352-0.00272-3.57% 

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