Average Monthly Returns Says XRP Price Could Fly High In September
Historical data provides a bullish outlook for the XRP price this month, with the altcoin likely to record significant gains based on past performance. Specifically, the average monthly returns show that XRP could even record double-digit gains. Average Monthly Returns Point To Notable Gains For The XRP Price Cryptorank data shows that the XRP price has historically recorded an average monthly return of 13.8% in September. This suggests that the altcoin could again record positive returns this time around, especially as it looks to reclaim the psychological $3 level. Meanwhile, it is....
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Bitcoin has closed its previous five months of September in losses and could suffer similar pains if history repeats. Bitcoin (BTC) bulls should not get excited about the recovery from the June lows of $17,500 just yet as BTC heads into its riskiest month in the coming days.The psychology behind the "September effect"Historic data shows September being Bitcoin's most worst month between 2013 and 2021, except in 2015 and 2016. At the same time, the average Bitcoin price decline in the month is a modest -6%.Bitcoin monthly returns. Source: CoinGlassInterestingly, Bitcoin's poor track record....
As the crypto market continues to struggle, Ethereum (ETH) is attempting to hold a crucial zone as support to resume its bullish rally. However, some analysts suggest that the cryptocurrency will see another choppy September before the long-awaited Q4 run. Related Reading: Ethereum Demand Stays Strong As Exchange Reserves Keep Falling – Details Ethereum Party To Be Delayed? Amid the recent market correction, Ethereum closed August around the $4,390 area, recording its highest monthly close since November 2021. The end-of-month market pullback sent the King of Altcoins’ price to the $4,250....
In September, the Darkcoin price broke out of a slump and surged at an impressive rate. However, Darkcoin could not sustain that massive amount of investment capital, because the Darkcoin price climb turned into a price bubble that popped during the latter half of September. But it appears the decline may be over and that Darkcoin is returning to its mean price level. Also Read: Darkcoin 2.0 Open Source - Can Darkcoin get it's mojo back? Darkcoin Price Returns to Mean After September Price Bubble. During the early portion of September, the Darkcoin price hovered around 590,000 satoshis. On....
With each month, the Bitcoin performance can vary widely depending on how investors are feeling toward the market. Years of monthly return data available for the cryptocurrency have led to investors and analysts trying to pinpoint the cryptocurrency’s next move based on historical performance. As the month of August draws to a close, Bitcoin investors are already looking toward September in hopes that the new month will come with better tidings. Bitcoin Looks To End August On A Negative Note Despite starting out on a high note, the Bitcoin price saw multiple crashes in August as the month....
The price of bitcoin on the CoinDesk USD Bitcoin Price Index (BPI) rose to its highest level since September 2014 today, reaching a press time high of $463.56. The total is the highest observed on the CoinDesk USD BPI since 17th September, 2014, when the price reached a high of $465.57. At the time, the price of bitcoin had been in decline since July, a move that coincided with the release of the New York BitLicense. The price of bitcoin has been trending up amidst the latest saga in the media hunt for elusive bitcoin creator Satoshi Nakamoto, as well as increased activity on the Coinbase....