Cardano (ADA)

Current price: $ 1.12

24 hours price change: $ -0.04 (-3.44%)

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 February 9th, 2021 to March 8th, 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 02/09/2021 and 03/08/2021.

According to the performance of Cardano between February 9th, 2021 and March 8th, 2021, Cardano performed the best on Fridays. On average, the price of Cardano increased 2.74% on Friday.

The weekday on which the Cardano performed the worst, is Monday. On Mondays, the Cardano declined in value on average by -2.00%.

Cardano weekday performance

On Sundays, the Cardano decreases in value on average with -0.91%. On most of the Sundays the Cardano decreases in value between -2.70% and 0.88%. The uncertainty (1.79%) is higher than the average decline percentage (-0.91%). Therefore, expected range of price changes of the Cardano on Sundays is large.

The Cardano declines in value on an average Monday with -2.00%. However, the uncertainty (or standard deviation) is quite large, namely 2.75%. This means that it is not possible to say whether on a regular Monday the Cardano will increase or decrease in value.

On an average Tuesday, the Cardano increased 0.56%. However, since the expected deviation is 3.49%, the Cardano will decline in value on a Tuesday quiet regularly. The expected price change of the Cardano on a Tuesday is between -2.93% and 4.05%.

The Cardano declines in value on an average Wednesday with -1.15%. However, the uncertainty (or standard deviation) is quite large, namely 1.19%. This means that it is not possible to say whether on a regular Wednesday the Cardano will increase or decrease in value.

On an average Thursday the Cardano shows a high increase in value, namely 1.02%. The standard deviation is below the average increase percentage (standard deviation is 0.18%), meaning that on 68% of the Thursdays the Cardano will increase with a percentage between 0.83% and 1.20%. This also means that, on average, on 16 percent of the Thursdays, the Cardano will increase with a percentage above this range. On the other 16% of the Thursdays, the Cardano will change with a percentage below the 0.83%.

On an average Friday the Cardano shows an increase in value of 2.74%. However, the change of Cardano on most of the Fridays is between -5.30% and 10.77%. Therefore it is hard to tell whether an average Friday is a good day to start buying Cardanos.

On an average Saturday the Cardano shows an increase in value of 1.34%. However, the change of Cardano on most of the Saturdays is between -1.58% and 4.27%. Therefore it is hard to tell whether an average Saturday is a good day to start buying Cardanos.

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 -0.91% 1.79% -2.70% to 0.88%
Monday -2.00% 2.75% -4.75% to 0.74%
Tuesday 0.56% 3.49% -2.93% to 4.05%
Wednesday -1.15% 1.19% -2.34% to 0.04%
Thursday 1.02% 0.18% 0.83% to 1.20%
Friday 2.74% 8.04% -5.30% to 10.77%
Saturday 1.34% 2.92% -1.58% to 4.27%
 

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