Cardano (ADA)

Current price: $ 1.49

24 hours price change: $ -0.05 (-3.19%)

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 December 18th, 2021 to January 18th, 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 12/18/2021 and 01/18/2022.

According to the performance of Cardano between December 18th, 2021 and January 18th, 2022, Cardano performed the best on Saturdays. On average, the price of Cardano increased 0.88% on Saturday.

The weekday on which the Cardano performed the worst, is Friday. On Fridays, the Cardano declined in value on average by -0.87%.

Cardano weekday performance

On an average Sunday, the Cardano increased 0.42%. However, since the expected deviation is 0.64%, the Cardano will decline in value on a Sunday quiet regularly. The expected price change of the Cardano on a Sunday is between -0.22% and 1.07%.

Allthough the Cardano decreases in value with -0.37% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Cardano on Mondays is 0.54%. This means that the expected change of the value of Cardano is between -0.91% and 0.17% on 68 out of 100 Mondays.

It is hard to tell whether the Cardano will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Cardano is -0.29%. However, the standard deviation on this weekday is 0.60%. This means that on most Tuesdays, the change in value of the Cardano is between -0.89% and 0.31%.

On an average Wednesday, the Cardano increased 0.51%. However, since the expected deviation is 0.58%, the Cardano will decline in value on a Wednesday quiet regularly. The expected price change of the Cardano on a Wednesday is between -0.07% and 1.09%.

On an average Thursday, the Cardano increased 0.32%. However, since the expected deviation is 0.97%, the Cardano will decline in value on a Thursday quiet regularly. The expected price change of the Cardano on a Thursday is between -0.65% and 1.30%.

On Fridays, the Cardano decreases in value on average with -0.87%. On most of the Fridays the Cardano decreases in value between -2.63% and 0.89%. The uncertainty (1.76%) is higher than the average decline percentage (-0.87%). Therefore, expected range of price changes of the Cardano on Fridays is large.

The expected range of change of the Cardano for an average Saturday is between 0.04% and 1.72%. This is the result of an average increase in value of 0.88% and a standard deviation of %STANDARD_DEVIATION%}. This expected increase of value is calculated over the last 1 month.

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 0.42% 0.64% -0.22% to 1.07%
Monday -0.37% 0.54% -0.91% to 0.17%
Tuesday -0.29% 0.60% -0.89% to 0.31%
Wednesday 0.51% 0.58% -0.07% to 1.09%
Thursday 0.32% 0.97% -0.65% to 1.30%
Friday -0.87% 1.76% -2.63% to 0.89%
Saturday 0.88% 0.84% 0.04% to 1.72%
 

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