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Analysis of ~3.8K non-stablecoin tokens: 80% of freshly minted cryptocurrencies are underwater, with average one-year returns close to zero relative to bitcoin (Olga Kharif/Bloomberg)

Photo of Grace Will Grace Will April 28, 2022
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Olga Kharif / Bloomberg:

Analysis of ~3.8K non-stablecoin tokens: 80% of freshly minted cryptocurrencies are underwater, with average one-year returns close to zero relative to bitcoin  —  About 80% of freshly minted cryptocurrencies are underwater and their average returns are close to zero relative to Bitcoin within a year …



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