Monero, an altcoin known for its focus on privacy, is currently experiencing a historic winning streak. It has closed higher for twelve consecutive days, surpassing its previous record of ten straight higher closes in 2021. This unprecedented streak has sparked curiosity about what might happen next for Monero. To gain insight, we can analyze shorter win streaks in the past.
By examining the number of times Monero had six straight higher closes based on different holding times, we can generate statistically meaningful conclusions. The occurrences vary depending on the holding time, ranging from 12 to 5 occurrences.
Despite the limited number of occurrences, past win streaks of six consecutive higher closes indicate positive trade results for Monero across all holding times. On average, the gains are greater for longer holding times, with impressive percentages like +65.1% for a 90-day hold and +373.8% for a 365-day hold.
While the current winning streak is unprecedented, Monero’s price history suggests that there may be more strength ahead, particularly when considering holding periods of three months or longer.
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