Bitcoin is up +91% & ETH is up +125%
On average, the cryptocurrency total market capitalisation is up 122% with Altcoins up nearly 200%!
Many believe the cryptocurrency market has reached a point where it is overvalued or into the bubble territory because crypto has outperformed every other asset class in existence.
From a fundamental perspective, it is clear that the train still has more to go given the fact that inflation isn't stopping nor has institutional capital stopped flooding the crypto market.
However, does that mean we keep going higher right away? We've conducted statistical analysis, that is both simple and easy to digest, to figure out the most likely path.
The question on everyone's mind is
Will cryptocurrency prices keep running higher over the next few months?
For this particular reason we've looked at historic monthly returns of: Bitcoin & Alts MCap since 2014.
Disclaimer: NOT FINANCIAL NOR INVESTMENT ADVICE. Only you are responsible for any capital-related decisions you make and only you are accountable for the results.
Bitcoin Stats
Below are the average monthly returns for Bitcoin from April till July since 2014.
May has historically offered a great performance for Bitcoin with an average of +25% in gains. Remember this percentage is only the average, some May(s) had returns exceeding 60%, such as in 2017 and 2019.
Altcoins Stats
85%+ of our cryptocurrency investment portfolio consists of Altcoins, hence why this section is very important to us. Below you'll find the average monthly returns for Altcoins since 2014.
The first thing you'll notice is how the returns are larger than Bitcoin's. That is normal as Bitcoin has a much larger market capitalisation and hence is harder to move than Altcoins. The second thing you'll notice is the average return for June is 0%
Once again, these are averages; Alts delivered north of 250% in May 2017 for example. When looking at this data you must consider that this is derived from an Altcoins Index (Top 200) and so there are assets that had much higher monthly returns - the outperformers we always are researching.
Conclusion
If we are to base our thesis on statistics, we'd have to say we have a few interesting months coming our way. The point of this statistical analysis is not to determine how much cryptocurrencies will grow each month, rather the purpose is to determine which months are likely to deliver the most returns. That month is MAY.With that being said, April has historically been bullish too - just not as bullish as May.
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