Cardano (ADA)

Current price: $ 1.12

24 hours price change: $ 0.001000 (0.09%)

Daily analysis of Cardano (ADA) - 3 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 3 months, starting on December 9th, 2020 to March 9th, 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 12/09/2020 and 03/09/2021.

According to the performance of Cardano between December 9th, 2020 and March 9th, 2021, Cardano performed the best on Fridays. On average, the price of Cardano increased 1.61% on Friday.

The weekday on which the Cardano performed the worst, is Wednesday. On Wednesdays, the Cardano declined in value on average by -1.13%.

Cardano weekday performance

Allthough the Cardano decreases in value with -0.32% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Cardano on Sundays is 2.30%. This means that the expected change of the value of Cardano is between -2.62% and 1.99% on 68 out of 100 Sundays.

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 -0.25%. However, the standard deviation on this weekday is 2.48%. This means that on most Mondays, the change in value of the Cardano is between -2.73% and 2.22%.

On Tuesdays, the Cardano decreases in value on average with -0.81%. On most of the Tuesdays the Cardano decreases in value between -4.53% and 2.91%. The uncertainty (3.72%) is higher than the average decline percentage (-0.81%). Therefore, expected range of price changes of the Cardano on Tuesdays is large.

The Cardano declines in value on an average Wednesday with -1.13%. However, the uncertainty (or standard deviation) is quite large, namely 5.90%. 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 an increase in value of 1.43%. However, the change of Cardano on most of the Thursdays is between -2.32% and 5.19%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Cardanos.

On an average Friday the Cardano shows an increase in value of 1.61%. However, the change of Cardano on most of the Fridays is between -3.36% and 6.58%. Therefore it is hard to tell whether an average Friday is a good day to start buying Cardanos.

Historical performance on Saturday 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 Saturday with 0.76%. However, the uncertainty of this increase is high. The expected change in value of the Cardano on a Saturday is between -2.03% and 3.55% (see also the table below).

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 -0.32% 2.30% -2.62% to 1.99%
Monday -0.25% 2.48% -2.73% to 2.22%
Tuesday -0.81% 3.72% -4.53% to 2.91%
Wednesday -1.13% 5.90% -7.03% to 4.77%
Thursday 1.43% 3.76% -2.32% to 5.19%
Friday 1.61% 4.97% -3.36% to 6.58%
Saturday 0.76% 2.79% -2.03% to 3.55%
 

We use cookies on our website. Some of them are essential for the operation of the site, while others help us to improve this site and the user experience (tracking cookies). You can decide for yourself whether you want to allow cookies or not. Please note that if you reject them, you may not be able to use all the functionalities of the site.