Cardano (ADA)

Current price: $ 0.43

24 hours price change: $ -0.03 (-6.15%)

Daily analysis of Cardano (ADA) - all

The performance of Cardano regarding the price differs every day. To make the best decision to buy Cardano, we are analysis in this article the performance of Cardano on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last years, starting on October 1st, 2017 to September 28th, 2022.

In the barchart below, the weekdays and average performance of Cardano are shown side by side.

Average daily change in price of Cardano per weekday between 10/01/2017 and 09/28/2022.

According to the performance of Cardano between October 1st, 2017 and September 28th, 2022, Cardano performed the best on Tuesdays. On average, the price of Cardano increased 0.60% on Tuesday.

The weekday on which the Cardano performed the worst, is Wednesday. On Wednesdays, the Cardano declined in value on average by -0.17%.

Cardano weekday performance

Cardano increased in value on an average Sunday only slightly. The average increase in value of the Cardano was 0.26%. Allthough the Cardano closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (3.24%). This means that on 68 percent of the Sundays, the change in price of the Cardano is expected to be in the range of -2.98% and 3.51%.

Cardano increased in value on an average Monday only slightly. The average increase in value of the Cardano was 0.29%. Allthough the Cardano closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (3.11%). This means that on 68 percent of the Mondays, the change in price of the Cardano is expected to be in the range of -2.82% and 3.40%.

Historical performance on Tuesday do not show an increase in value of the Cardano on which a prediction can be made. The Cardano increased in value on average on an average Tuesday with 0.60%. However, the uncertainty of this increase is high. The expected change in value of the Cardano on a Tuesday is between -8.55% and 9.75% (see also the table below).

It is hard to tell whether the Cardano will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Cardano is -0.17%. However, the standard deviation on this weekday is 3.14%. This means that on most Wednesdays, the change in value of the Cardano is between -3.31% and 2.97%.

On an average Thursday, the Cardano increased 0.53%. However, since the expected deviation is 5.97%, the Cardano will decline in value on a Thursday quiet regularly. The expected price change of the Cardano on a Thursday is between -5.44% and 6.50%.

Cardano increased in value on an average Friday only slightly. The average increase in value of the Cardano was 0.29%. Allthough the Cardano closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (3.55%). This means that on 68 percent of the Fridays, the change in price of the Cardano is expected to be in the range of -3.26% and 3.85%.

On an average Saturday, the Cardano increased 0.34%. However, since the expected deviation is 6.00%, the Cardano will decline in value on a Saturday quiet regularly. The expected price change of the Cardano on a Saturday is between -5.66% and 6.34%.

Cardano weekday performance details

Find below the details of the performance of Cardano per day of the week. Both the average change in percentage and the standard deviation. The higher the standard deviation is, the higher the variation within the range of average change. Therefore, the 68% range has been added, which represents the change in price on 68% of the days.

Weekday Average change (%) Standard deviation (%) 68% range
Sunday 0.26% 3.24% -2.98% to 3.51%
Monday 0.29% 3.11% -2.82% to 3.40%
Tuesday 0.60% 9.15% -8.55% to 9.75%
Wednesday -0.17% 3.14% -3.31% to 2.97%
Thursday 0.53% 5.97% -5.44% to 6.50%
Friday 0.29% 3.55% -3.26% to 3.85%
Saturday 0.34% 6.00% -5.66% to 6.34%
 

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