Decentraland (MANA)

Current price: $ 0.68

24 hours price change: $ -0.02 (-2.91%)

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 January 26th, 2021 to July 26th, 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 01/26/2021 and 07/26/2021.

According to the performance of Decentraland between January 26th, 2021 and July 26th, 2021, Decentraland performed the best on Wednesdays. On average, the price of Decentraland increased 1.66% on Wednesday.

The weekday on which the Decentraland performed the worst, is Friday. On Fridays, the Decentraland declined in value on average by -0.56%.

Decentraland weekday performance

On an average Sunday, the Decentraland increased 0.50%. However, since the expected deviation is 4.93%, the Decentraland will decline in value on a Sunday quiet regularly. The expected price change of the Decentraland on a Sunday is between -4.44% and 5.43%.

It is hard to tell whether the Decentraland will increase or decrease in value on an average Monday. The average change on a Monday for the Decentraland is -0.11%. However, the standard deviation on this weekday is 6.31%. This means that on most Mondays, the change in value of the Decentraland is between -6.42% and 6.20%.

Historical performance on Tuesday 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 Tuesday with 0.65%. However, the uncertainty of this increase is high. The expected change in value of the Decentraland on a Tuesday is between -3.42% and 4.73% (see also the table below).

On an average Wednesday the Decentraland shows an increase in value of 1.66%. However, the change of Decentraland on most of the Wednesdays is between -6.00% and 9.32%. Therefore it is hard to tell whether an average Wednesday 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 Thursday. The average change on a Thursday for the Decentraland is -0.08%. However, the standard deviation on this weekday is 4.14%. This means that on most Thursdays, the change in value of the Decentraland is between -4.22% and 4.06%.

Allthough the Decentraland decreases in value with -0.56% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Decentraland on Fridays is 3.55%. This means that the expected change of the value of Decentraland is between -4.11% and 2.99% on 68 out of 100 Fridays.

On an average Saturday, the Decentraland increased 0.40%. However, since the expected deviation is 3.34%, the Decentraland will decline in value on a Saturday quiet regularly. The expected price change of the Decentraland on a Saturday is between -2.94% and 3.74%.

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 0.50% 4.93% -4.44% to 5.43%
Monday -0.11% 6.31% -6.42% to 6.20%
Tuesday 0.65% 4.07% -3.42% to 4.73%
Wednesday 1.66% 7.66% -6.00% to 9.32%
Thursday -0.08% 4.14% -4.22% to 4.06%
Friday -0.56% 3.55% -4.11% to 2.99%
Saturday 0.40% 3.34% -2.94% to 3.74%
 

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