Cardano Completes First Green September Close In 6 Years, What’s The Significance?

Quick Summary:

Cardano imitating Bitcoin’s historical monthly returns in the last quarter of this year will be huge for the coin, considering that this is when the flagship crypto records its most profitable returns.  Specifically, October is historically one of the best months for Bitcoin, as the crypto has only recorded two negative monthly returns since 2013.

Therefore, October could be huge for Cardano if it replicates BTC’s monthly returns.  Meanwhile, although October has historically not been a good month for Cardano, this time is much different, with these monetary easing policies presenting a bullish outlook for the crypto market.

As such, the crypto could enjoy an extended rally as these monetary easing policies continue to roll out.  It is also worth mentioning that Q4 of 2023 was very bullish for Cardano as it recorded double-digit gains in October, November, and December.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: United KingdomChina

Topics: ADAUSDT Cardano price Adausd Cardano ADA price Cardano news ADA news ADA

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-02 @ 14:30:46 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 468 words

Reading Time: 3 minutes read

Sentences: 69 lines

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Copyright Owner: © NewsBTC

News ID: 22851278

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