Decentraland (MANA)

Current price: $ 1.23

24 hours price change: $ -0.04 (-2.92%)

Daily analysis of Decentraland (MANA) - 6 months

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 6 months, starting on November 16th, 2020 to May 16th, 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 11/16/2020 and 05/16/2021.

According to the performance of Decentraland between November 16th, 2020 and May 16th, 2021, Decentraland performed the best on Saturdays. On average, the price of Decentraland increased 1.76% on Saturday.

The weekday on which the Decentraland performed the worst, is Sunday. On Sundays, the Decentraland declined in value on average by -0.09%.

Decentraland weekday performance

It is hard to tell whether the Decentraland will increase or decrease in value on an average Sunday. The average change on a Sunday for the Decentraland is -0.09%. However, the standard deviation on this weekday is 5.43%. This means that on most Sundays, the change in value of the Decentraland is between -5.52% and 5.35%.

Decentraland increased in value on an average Monday only slightly. The average increase in value of the Decentraland was 0.18%. 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 (4.45%). This means that on 68 percent of the Mondays, the change in price of the Decentraland is expected to be in the range of -4.27% and 4.63%.

On an average Tuesday the Decentraland shows an increase in value of 1.05%. However, the change of Decentraland on most of the Tuesdays is between -2.39% and 4.49%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Decentralands.

It is hard to tell whether the Decentraland will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Decentraland is -0.03%. However, the standard deviation on this weekday is 5.51%. This means that on most Wednesdays, the change in value of the Decentraland is between -5.53% and 5.48%.

It is hard to tell whether the Decentraland will increase or decrease in value on an average Thursday. The average change on a Thursday for the Decentraland is -0.01%. However, the standard deviation on this weekday is 4.30%. This means that on most Thursdays, the change in value of the Decentraland is between -4.32% and 4.29%.

On an average Friday the Decentraland shows an increase in value of 1.46%. However, the change of Decentraland on most of the Fridays is between -5.70% and 8.61%. Therefore it is hard to tell whether an average Friday is a good day to start buying Decentralands.

On an average Saturday the Decentraland shows an increase in value of 1.76%. However, the change of Decentraland on most of the Saturdays is between -3.30% and 6.81%. Therefore it is hard to tell whether an average Saturday is a good day to start buying Decentralands.

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 -0.09% 5.43% -5.52% to 5.35%
Monday 0.18% 4.45% -4.27% to 4.63%
Tuesday 1.05% 3.44% -2.39% to 4.49%
Wednesday -0.03% 5.51% -5.53% to 5.48%
Thursday -0.01% 4.30% -4.32% to 4.29%
Friday 1.46% 7.15% -5.70% to 8.61%
Saturday 1.76% 5.05% -3.30% to 6.81%
 

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