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Halloween Has Been a Profitable Week for These 3 Altcoins

BeInCrypto
Historical data from 2020-2024 suggests AAVE, Ethereum (ETH), and Dogecoin (DOGE) often rally in the week following Halloween.

Summary

An analysis of historical price data from 2020 through 2024 indicates that the week following October 31st has frequently been profitable for three specific altcoins: AAVE, Ethereum (ETH), and Dogecoin (DOGE), as all three posted net positive average returns during this period.

AAVE showed the most consistent strength, achieving gains every year post-Halloween, with an average return of 11.8% over the five years. Ethereum demonstrated more moderate but reliable gains, posting positive 7-day returns after Halloween annually, averaging about 4.5%.

Dogecoin was the most volatile performer, averaging a 5.6% post-Halloween gain, though its performance varied widely, including a massive surge in 2022 linked to Elon Musk's Twitter acquisition. The article concludes that while past performance is not predictive, this recurring trend might be linked to market-wide factors like renewed liquidity or end-of-month repositioning.

(Source:BeInCrypto)