Halloween Has Been a Profitable Week for These 3 Altcoins
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)