Dash Data Shows Winter And Spring Are The Best Performing Seasons

New data from the cryptocurrency asset manager and researcher named Demelza Hays shows that Dash has clear market cycles in the trading patterns and price performance. The Dash data shows that the cryptocurrency performs very well in winter and spring, compared to other seasons.

Check out this @Dashpay USD average monthly return seasonality chart! 📊👀

May is the best performing month and October is the worst. 🗓️🏆🚀

Thanks to Demelza Hays @CryptoPhD blockchain data research analyst, author and editor of Crypto Research Report for providing chart. pic.twitter.com/wUgfpaU1Ig

— Mark Mason (@StayDashy) November 13, 2019

As you can see from the tweet and charts shared in the Dash news above, the winter and spring months tend to be better performing than the summer and fall months. Hays elaborated on the data and said that it needs to be viewed with some caveats since there is only so many data points which support these trends at the current time.

“Over the past five years, Dash has experienced a semi-annual pattern of rising during the months of November through May and slowing down June through October. The best month for Dash has historically been May with a monthly average return of 112%. However, this is because only five to six observations exist in the sample for each month, including an outlier month in May of 2014 when the price of Dash moved up 600%. To put this into perspective, Dash saw a 173% increase in price in November of the 2017 bull run. The next best month has been February with a 41% monthly return on average.”

Still, the Dash data also shows that there is a major opportunity to analyze market cycles at a more granular level by looking at the days. By that, we can also see that Fridays have the most significant Dash return so far, followed by Sundays. Tuesdays, on the other hand, are the worst performing days.

Theories started emerging, too. The Dash data leads many analysts to believe that the market cycles have their roots. In that manner, some hypotheses have been made. One possibility is that since Dash has higher returns on weekends, it could be because of less supply and more demand on exchanges, which comes from people using Dash to conduct their weekend spending. Another hypothesis says that people buying and selling Dash have other weekday jobs and do not do much trading during the weekday.

All in all, the Dash data is valuable and may indicate liquidity drops, dramatic price swings and large losses or gains. In general, the cryptocurrency has a relatively stable liquidity across the days of the week.

At press time, DASH is trading at $54.76.