Decentraland (MANA)

Current price: $ 2.15

24 hours price change: $ 0.007000 (0.33%)

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 December 27th, 2021 to January 26th, 2022.

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 12/27/2021 and 01/26/2022.

According to the performance of Decentraland between December 27th, 2021 and January 26th, 2022, Decentraland performed the best on Wednesdays. On average, the price of Decentraland increased 0.97% on Wednesday.

The weekday on which the Decentraland performed the worst, is Tuesday. On Tuesdays, the Decentraland declined in value on average by -0.97%.

Decentraland weekday performance

Historical performance on Sunday 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 Sunday with 0.88%. However, the uncertainty of this increase is high. The expected change in value of the Decentraland on a Sunday is between -0.41% and 2.18% (see also the table below).

On Mondays, the Decentraland decreases in value on average with -0.75%. On most of the Mondays the Decentraland decreases in value between -2.03% and 0.53%. The uncertainty (1.28%) is higher than the average decline percentage (-0.75%). Therefore, expected range of price changes of the Decentraland on Mondays is large.

On Tuesdays, the Decentraland decreases in value on average with -0.97%. On most of the Tuesdays the Decentraland decreases in value between -1.78% and -0.17%. The uncertainty (0.81%) is higher than the average decline percentage (-0.97%). Therefore, expected range of price changes of the Decentraland on Tuesdays is large.

Historical performance on Wednesday 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 Wednesday with 0.97%. However, the uncertainty of this increase is high. The expected change in value of the Decentraland on a Wednesday is between -0.06% and 2.00% (see also the table below).

Allthough the Decentraland decreases in value with -0.31% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Decentraland on Thursdays is 0.73%. This means that the expected change of the value of Decentraland is between -1.04% and 0.41% on 68 out of 100 Thursdays.

It is hard to tell whether the Decentraland will increase or decrease in value on an average Friday. The average change on a Friday for the Decentraland is -0.11%. However, the standard deviation on this weekday is 1.12%. This means that on most Fridays, the change in value of the Decentraland is between -1.23% and 1.01%.

The expected range of change of the Decentraland for an average Saturday is between 0.21% and 1.26%. This is the result of an average increase in value of 0.74% and a standard deviation of %STANDARD_DEVIATION%}. This expected increase of value is calculated over the last 1 month.

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 0.88% 1.29% -0.41% to 2.18%
Monday -0.75% 1.28% -2.03% to 0.53%
Tuesday -0.97% 0.81% -1.78% to -0.17%
Wednesday 0.97% 1.03% -0.06% to 2.00%
Thursday -0.31% 0.73% -1.04% to 0.41%
Friday -0.11% 1.12% -1.23% to 1.01%
Saturday 0.74% 0.53% 0.21% to 1.26%
 

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