Cryptocurrency News

A New Token Is Out performing Many Centralized Tokens

A new centralized token named “Fair Launch” is being observed surpassing other centralized tokens. It has been revealed that the surpassed tokens have been launched through token distribution events that are centralized. This information has been released to the public by Messari, which is a market aggregator for cryptocurrencies.

As defined by Messari, the Fair Launch tokens are publicly announced tokens that are launched without any pre-launch mining system. Some of the older cryptocurrencies that fit into this definition include Litecoin (LTC) and Bitcoin (BTC). When it comes to new projects, there are SushiSwap, Yearn. Finance and Peercoin fall into the same definition.

It has been observed that the Fair Launch token has been defeating the majority of the cryptocurrencies with respect to performance. The token has been performing twice the amount of other performing tokens in the cryptocurrency industry in the past three months.

The figures show that the top 1,026 cryptocurrency markets have observed an average growth of 9.56% in the last week. However, the Fair Launch token alone has gained more than 31.44% growth with respect to market capitalization and price in the last week.

When it comes to the overall average gains in the cryptocurrency markets for the entire last month, the industry has gained 49.50% growth. As for Fair Launch tokens, the project has gained more than 145.33% growth for the same period.

When comparing the figures of the overall average gains of the entire cryptocurrency market versus Fair Launch tokens for the last 90 days, the difference is even greater.

It has been reported that for the past 90 days, the overall average growth observed by the top 1,026 cryptocurrencies is just 112.41%. While on the other hand, the average growth observed by the Fair Launch tokens in the last 90 days is 296.46%.

Fair Launch has even managed to leave behind the average growth percentage of assets based on the Ethereum platform. According to the stats, the Ethereum-based assets managed to achieve 1.90% average growth in the last 7 days. For the last 30 days, the Ethereum-based assets achieved 43.82% growth and for the last 90 days, they managed to achieve 248.45% in growth.

It has been revealed that the majority of the Fair Launch tokens have experienced growth in the current period. On the other hand, there is only one Fair Launch token known as DOGE that seems to be losing its ground in the running week. In the running week, the DOGE token has lost 20% growth and from the looks of it, its growth will slide further down.

However, DOGE is the Fair Launch token that has been outperforming all other tokens when it comes to averages in the past 30 and 90 days performance.

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