BTC: New Cryptocurrency Coin Mostly Underperform Relative to Bitcoin – Bloomberg

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About 80% of freshly minted cryptocurrencies are underwater and their average returns are close to zero relative to Bitcoin within a year, according to a Jump Crypto analysis.
While there are a few high-profile outliers, the majority of new coins were underperforming within the first month, the public-facing crypto brand for Jump Trading Group found, after analyzing 3,759 tokens — excluding assets like stablecoins — that were listed on CoinGecko and CoinMarketCap between the middle of 2013 and the end of last year. Jump measured returns from the token’s inception through the end of 2021.

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