Decentraland (MANA)

Current price: $ 0.10

24 hours price change: $ -0.000691 (-0.71%)

Daily analysis of Decentraland (MANA) - all

The performance of Decentraland regarding the price differs every day. To make the best decision to buy Decentraland, we are analysis in this article the performance of Decentraland on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last years, starting on September 21st, 2017 to August 12th, 2020.

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

Average daily change in price of Decentraland per weekday between 09/21/2017 and 08/12/2020.

According to the performance of Decentraland between September 21st, 2017 and August 12th, 2020, Decentraland performed the best on Tuesdays. On average, the price of Decentraland increased 1.30% on Tuesday.

The weekday on which the Decentraland performed the worst, is Sunday. On Sundays, the Decentraland declined in value on average by -0.83%.

Decentraland weekday performance

On Sundays, the Decentraland decreases in value on average with -0.83%. On most of the Sundays the Decentraland decreases in value between -6.26% and 4.60%. The uncertainty (5.43%) is higher than the average decline percentage (-0.83%). Therefore, expected range of price changes of the Decentraland on Sundays is large.

On an average Monday the Decentraland shows an increase in value of 1.27%. However, the change of Decentraland on most of the Mondays is between -11.21% and 13.75%. Therefore it is hard to tell whether an average Monday is a good day to start buying Decentralands.

On an average Tuesday the Decentraland shows an increase in value of 1.30%. However, the change of Decentraland on most of the Tuesdays is between -14.86% and 17.45%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Decentralands.

Decentraland increased in value on an average Wednesday only slightly. The average increase in value of the Decentraland was 0.22%. Allthough the Decentraland closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (6.96%). This means that on 68 percent of the Wednesdays, the change in price of the Decentraland is expected to be in the range of -6.75% and 7.18%.

On an average Thursday, the Decentraland increased 0.33%. However, since the expected deviation is 8.69%, the Decentraland will decline in value on a Thursday quiet regularly. The expected price change of the Decentraland on a Thursday is between -8.36% and 9.03%.

Historical performance on Friday do not show an increase in value of the Decentraland on which a prediction can be made. The Decentraland increased in value on average on an average Friday with 0.74%. However, the uncertainty of this increase is high. The expected change in value of the Decentraland on a Friday is between -4.07% and 5.54% (see also the table below).

It is hard to tell whether the Decentraland will increase or decrease in value on an average Saturday. The average change on a Saturday for the Decentraland is -0.06%. However, the standard deviation on this weekday is 7.63%. This means that on most Saturdays, the change in value of the Decentraland is between -7.69% and 7.57%.

Decentraland weekday performance details

Find below the details of the performance of Decentraland 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 -0.83% 5.43% -6.26% to 4.60%
Monday 1.27% 12.48% -11.21% to 13.75%
Tuesday 1.30% 16.15% -14.86% to 17.45%
Wednesday 0.22% 6.96% -6.75% to 7.18%
Thursday 0.33% 8.69% -8.36% to 9.03%
Friday 0.74% 4.81% -4.07% to 5.54%
Saturday -0.06% 7.63% -7.69% to 7.57%
 

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