Decentraland (MANA)

Current price: $ 0.69

24 hours price change: $ -0.05 (-7.12%)

Daily analysis of Decentraland (MANA) - 1 month

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 1 month, starting on June 25th, 2021 to July 24th, 2021.

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 06/25/2021 and 07/24/2021.

According to the performance of Decentraland between June 25th, 2021 and July 24th, 2021, Decentraland performed the best on Wednesdays. On average, the price of Decentraland increased 1.22% on Wednesday.

The weekday on which the Decentraland performed the worst, is Friday. On Fridays, the Decentraland declined in value on average by -1.88%.

Decentraland weekday performance

Decentraland increased in value on an average Sunday only slightly. The average increase in value of the Decentraland was 0.11%. 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 (0.12%). This means that on 68 percent of the Sundays, the change in price of the Decentraland is expected to be in the range of -0.01% and 0.23%.

On Mondays, the Decentraland decreases in value on average with -0.67%. On most of the Mondays the Decentraland decreases in value between -1.42% and 0.08%. The uncertainty (0.75%) is higher than the average decline percentage (-0.67%). Therefore, expected range of price changes of the Decentraland on Mondays is large.

On Tuesdays, the Decentraland decreases in value on average with -0.82%. On most of the Tuesdays the Decentraland decreases in value between -6.79% and 5.15%. The uncertainty (5.97%) is higher than the average decline percentage (-0.82%). Therefore, expected range of price changes of the Decentraland on Tuesdays is large.

On an average Wednesday the Decentraland shows an increase in value of 1.22%. However, the change of Decentraland on most of the Wednesdays is between -1.23% and 3.66%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Decentralands.

The Decentraland declines in value on an average Thursday with -1.86%. However, the uncertainty (or standard deviation) is quite large, namely 3.17%. This means that it is not possible to say whether on a regular Thursday the Decentraland will increase or decrease in value.

The Decentraland declines in value on an average Friday with -1.88%. However, the uncertainty (or standard deviation) is quite large, namely 4.23%. This means that it is not possible to say whether on a regular Friday the Decentraland will increase or decrease in value.

Allthough the Decentraland decreases in value with -0.40% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of Decentraland on Saturdays is 0.40%. This means that the expected change of the value of Decentraland is between -0.81% and 0.00% on 68 out of 100 Saturdays.

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 0.11% 0.12% -0.01% to 0.23%
Monday -0.67% 0.75% -1.42% to 0.08%
Tuesday -0.82% 5.97% -6.79% to 5.15%
Wednesday 1.22% 2.44% -1.23% to 3.66%
Thursday -1.86% 3.17% -5.03% to 1.31%
Friday -1.88% 4.23% -6.11% to 2.35%
Saturday -0.40% 0.40% -0.81% to 0.00%
 

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