Chainlink (LINK)

Current price: $ 30.58

24 hours price change: $ 0.82 (2.76%)

Daily analysis of Chainlink (LINK) - 1 month

The performance of Chainlink regarding the price differs every day. To make the best decision to buy Chainlink, we are analysis in this article the performance of Chainlink on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on February 3rd, 2021 to March 3rd, 2021.

In the barchart below, the weekdays and average performance of Chainlink are shown side by side.

Average daily change in price of Chainlink per weekday between 02/03/2021 and 03/03/2021.

According to the performance of Chainlink between February 3rd, 2021 and March 3rd, 2021, Chainlink performed the best on Saturdays. On average, the price of Chainlink increased 3.64% on Saturday.

The weekday on which the Chainlink performed the worst, is Monday. On Mondays, the Chainlink declined in value on average by -1.36%.

Chainlink weekday performance

The Chainlink declines in value on an average Sunday with -1.12%. However, the uncertainty (or standard deviation) is quite large, namely 2.88%. This means that it is not possible to say whether on a regular Sunday the Chainlink will increase or decrease in value.

The Chainlink declines in value on an average Monday with -1.36%. However, the uncertainty (or standard deviation) is quite large, namely 2.58%. This means that it is not possible to say whether on a regular Monday the Chainlink will increase or decrease in value.

On Tuesdays, the Chainlink decreases in value on average with -0.98%. On most of the Tuesdays the Chainlink decreases in value between -1.87% and -0.10%. The uncertainty (0.89%) is higher than the average decline percentage (-0.98%). Therefore, expected range of price changes of the Chainlink on Tuesdays is large.

Allthough the Chainlink decreases in value with -0.56% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Chainlink on Wednesdays is 1.06%. This means that the expected change of the value of Chainlink is between -1.62% and 0.50% on 68 out of 100 Wednesdays.

Historical performance on Thursday do not show an increase in value of the Chainlink on which a prediction can be made. The Chainlink increased in value on average on an average Thursday with 0.88%. However, the uncertainty of this increase is high. The expected change in value of the Chainlink on a Thursday is between -0.63% and 2.39% (see also the table below).

On an average Friday the Chainlink shows a high increase in value, namely 1.20%. The standard deviation is below the average increase percentage (standard deviation is 0.95%), meaning that on 68% of the Fridays the Chainlink will increase with a percentage between 0.25% and 2.15%. This also means that, on average, on 16 percent of the Fridays, the Chainlink will increase with a percentage above this range. On the other 16% of the Fridays, the Chainlink will change with a percentage below the 0.25%.

The increase in value of the Chainlink is 3.64% on an average Saturday. However, the uncertainty on the average change is high for the Chainlink on Saturdays. This is the reason why an expected increase of the Chainlink on an average Saturday cannot be predicted. The standard deviation for Chainlink on Saturdays is high, namely 4.97%. This means that the expected range of value change for the Chainlink is -1.33% and 8.60% on 68% of the Saturdays.

Chainlink weekday performance details

Find below the details of the performance of Chainlink 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 -1.12% 2.88% -4.00% to 1.76%
Monday -1.36% 2.58% -3.94% to 1.22%
Tuesday -0.98% 0.89% -1.87% to -0.10%
Wednesday -0.56% 1.06% -1.62% to 0.50%
Thursday 0.88% 1.51% -0.63% to 2.39%
Friday 1.20% 0.95% 0.25% to 2.15%
Saturday 3.64% 4.97% -1.33% to 8.60%
 

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