Do the Coins Given by Crypto Phenomena Make Money? The Expected Research Has Arrived!

Academics shared a report on the short- and long-term returns of altcoin recommendations of cryptocurrency influencers.

Four academics, including Joseph Pacelli from Harvard, published a detailed research report on the extent to which the coins shared by cryptocurrency influencers make a profit. The report clearly revealed that the phenomena were not as successful as thought.

The report stated that cryptocurrency influencers who produce content on

Shares made specifically for altcoins with lower market value had an average profit rate of 3.86% in a 1-2 day period. But these influencers' altcoin shares resulted in losses of 2.24% and 6.53% in the 10- and 30-day time frames, respectively.

While there were no Turkish accounts in the "top 20 phenomenon that most affected the market" category by Wu Blockchain, the top three were CryptoDiffer, Rektcapital, BigCheds, respectively.

As a result, although the investments made by the influencers leave an eye-catching dividend in the short term, they can result in serious losses even in a 1-month period.

It is always important for investors to do their own detailed research before investing in a product.