Over half of cryptocurrency start-ups go out of business inside four months of their initial coin offerings. That means investors are better off selling sell their ICO coins within a few months, according to a Boston College study.
After trading begins, tokens continue to appreciate in price, generating average buy-and-hold abnormal returns of 48% in the first 30 trading days, the authors say.
The best strategy? Selling those cryptocurrencies as soon as you’ve acquired them.