Cardano (ADA)

Current price: $ 0.52

24 hours price change: $ 0.002400 (0.46%)

Daily analysis of Cardano (ADA) - 6 months

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 6 months, starting on February 7th, 2022 to August 7th, 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 02/07/2022 and 08/07/2022.

According to the performance of Cardano between February 7th, 2022 and August 7th, 2022, Cardano performed the best on Tuesdays. On average, the price of Cardano increased 0.26% on Tuesday.

The weekday on which the Cardano performed the worst, is Friday. On Fridays, the Cardano declined in value on average by -0.52%.

Cardano weekday performance

It is hard to tell whether the Cardano will increase or decrease in value on an average Sunday. The average change on a Sunday for the Cardano is -0.08%. However, the standard deviation on this weekday is 0.55%. This means that on most Sundays, the change in value of the Cardano is between -0.63% and 0.47%.

It is hard to tell whether the Cardano will increase or decrease in value on an average Monday. The average change on a Monday for the Cardano is -0.03%. However, the standard deviation on this weekday is 0.46%. This means that on most Mondays, the change in value of the Cardano is between -0.49% and 0.43%.

Cardano increased in value on an average Tuesday 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 (0.64%). This means that on 68 percent of the Tuesdays, the change in price of the Cardano is expected to be in the range of -0.38% and 0.90%.

Cardano increased in value on an average Wednesday only slightly. The average increase in value of the Cardano was 0.19%. 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 (1.02%). This means that on 68 percent of the Wednesdays, the change in price of the Cardano is expected to be in the range of -0.83% and 1.21%.

It is hard to tell whether the Cardano will increase or decrease in value on an average Thursday. The average change on a Thursday for the Cardano is -0.08%. However, the standard deviation on this weekday is 0.42%. This means that on most Thursdays, the change in value of the Cardano is between -0.51% and 0.34%.

Allthough the Cardano decreases in value with -0.52% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Cardano on Fridays is 1.09%. This means that the expected change of the value of Cardano is between -1.61% and 0.56% 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 -0.20%. However, the standard deviation on this weekday is 1.35%. This means that on most Saturdays, the change in value of the Cardano is between -1.55% and 1.15%.

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 -0.08% 0.55% -0.63% to 0.47%
Monday -0.03% 0.46% -0.49% to 0.43%
Tuesday 0.26% 0.64% -0.38% to 0.90%
Wednesday 0.19% 1.02% -0.83% to 1.21%
Thursday -0.08% 0.42% -0.51% to 0.34%
Friday -0.52% 1.09% -1.61% to 0.56%
Saturday -0.20% 1.35% -1.55% to 1.15%
 

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