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So what actually moves the prices of cryptocurrencies? We spent over a month parsing through data to answer that question for you 👀👀

Special thanks to @eToroUS for partnering with us on this research

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Leveraging The TIE’s Crypto SigDev™ feed we set out to identify whether news moved the crypto market and what, if any, impact sentiment had following key announcements.

SigDevs are news on token updates or major events (like M&A and Listings).

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Looking at ​maximum price increases within 24 hours after different SigDev announcements, we see that certain announcements tend to procure more responses than others. These are ordered from left to right in order of increasing average positive effect on price.

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These initial results are intuitive: one would expect 51% attacks — a negative assault on a blockchain — to not typically have a positive effect on price, while getting listed on a new exchange (“L​isting​”) increases demand for a cryptocurrency and thus should increase value

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Although Listings and Partnerships have an immediate large influence on price, it does not mean the increase is sustained.

We looked at how sustainable each SigDev was. Specifically, the max price 24 hours after each SigDev compared to the following week's average price