Welcome to our Data Report on the News Announcement Study.
Key Takeaways
- We proposed a method to examine tokens’ price movement before and after news announcement;
- 20 hand-picked events (across 17 tokens) from 2019 June to 2019 December were used;
- Price momentum effect lasts for the first 20 minutes after announcement;
- Price persistency effect lasts for at least 1 day after announcement;
- There are no strong evidences that price movement occurred prior to announcement.
Read the full version of the News Announcement Study Report here.
