Cardano (ADA)

Current price: $ 1.46

24 hours price change: $ -0.01 (-0.75%)

Daily analysis of Cardano (ADA) - 1 month

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 1 month, starting on May 13th, 2021 to June 12th, 2021.

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 05/13/2021 and 06/12/2021.

According to the performance of Cardano between May 13th, 2021 and June 12th, 2021, Cardano performed the best on Tuesdays. On average, the price of Cardano increased 1.79% on Tuesday.

The weekday on which the Cardano performed the worst, is Thursday. On Thursdays, the Cardano declined in value on average by -1.61%.

Cardano weekday performance

On an average Sunday the Cardano shows an increase in value of 1.61%. However, the change of Cardano on most of the Sundays is between -1.59% and 4.81%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Cardanos.

Cardano increased in value on an average Monday only slightly. The average increase in value of the Cardano was 0.06%. 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 (0.84%). This means that on 68 percent of the Mondays, the change in price of the Cardano is expected to be in the range of -0.77% and 0.90%.

On an average Tuesday the Cardano shows an increase in value of 1.79%. However, the change of Cardano on most of the Tuesdays is between -0.43% and 4.01%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Cardanos.

Cardano increased in value on an average Wednesday only slightly. The average increase in value of the Cardano was 0.01%. 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 (0.97%). This means that on 68 percent of the Wednesdays, the change in price of the Cardano is expected to be in the range of -0.96% and 0.98%.

The Cardano declines in value on an average Thursday with -1.61%. However, the uncertainty (or standard deviation) is quite large, namely 3.65%. This means that it is not possible to say whether on a regular Thursday the Cardano will increase or decrease in value.

Allthough the Cardano decreases in value with -0.36% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Cardano on Fridays is 1.51%. This means that the expected change of the value of Cardano is between -1.87% and 1.15% on 68 out of 100 Fridays.

It is hard to tell whether the Cardano will increase or decrease in value on an average Saturday. The average change on a Saturday for the Cardano is -0.06%. However, the standard deviation on this weekday is 1.36%. This means that on most Saturdays, the change in value of the Cardano is between -1.42% and 1.30%.

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 1.61% 3.20% -1.59% to 4.81%
Monday 0.06% 0.84% -0.77% to 0.90%
Tuesday 1.79% 2.22% -0.43% to 4.01%
Wednesday 0.01% 0.97% -0.96% to 0.98%
Thursday -1.61% 3.65% -5.26% to 2.04%
Friday -0.36% 1.51% -1.87% to 1.15%
Saturday -0.06% 1.36% -1.42% to 1.30%
 

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