According to Bloomberg’s July 10th report – 56% of startups that issued cryptocurrencies died four months after the cryptocurrency issue (ICO).
Bloomberg’s report is based on a Boston University research report that uses the level of activity discussed in the startup’s Twitter account to infer the life cycle of the startup. Boston College’s report concluded that only 44.2% of startups survived 120 days after ICO. Report researchers Hugo Benedetti and Leonard Kostovetsky reviewed 2,390 ICOs completed by May 2018 for this report.
In a telephone interview, Kostovetsky further recommended that ICO investors should sell within six months of buying cryptocurrencies, Kostovetsky said, ” We found that once you hold more than 3 months, up to 6 months, (these cryptocurrencies ) Performance will not be better than other cryptocurrencies. The best return is actually in the first month. “
The original text of Bloomberg’s report can be found at the following URL: