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...