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 July 20th, 2021 to January 20th, 2022.
In the barchart below, the weekdays and average performance of Decentraland are shown side by side.
According to the performance of Decentraland between July 20th, 2021 and January 20th, 2022, Decentraland performed the best on Saturdays. On average, the price of Decentraland increased 6.31% on Saturday.
The weekday on which the Decentraland performed the worst, is Sunday. On Sundays, the Decentraland declined in value on average by -1.24%.
Decentraland weekday performance
The Decentraland declines in value on an average Sunday with -1.24%. However, the uncertainty (or standard deviation) is quite large, namely 4.49%. This means that it is not possible to say whether on a regular Sunday the Decentraland will increase or decrease in value.
On Mondays, the Decentraland decreases in value on average with -0.93%. On most of the Mondays the Decentraland decreases in value between -4.61% and 2.76%. The uncertainty (3.68%) is higher than the average decline percentage (-0.93%). Therefore, expected range of price changes of the Decentraland on Mondays is large.
It is hard to tell whether the Decentraland will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Decentraland is -0.26%. However, the standard deviation on this weekday is 2.47%. This means that on most Tuesdays, the change in value of the Decentraland is between -2.73% and 2.22%.
On an average Wednesday, the Decentraland increased 0.53%. However, since the expected deviation is 1.82%, the Decentraland will decline in value on a Wednesday quiet regularly. The expected price change of the Decentraland on a Wednesday is between -1.29% and 2.35%.
Historical performance on Thursday 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 Thursday with 0.74%. However, the uncertainty of this increase is high. The expected change in value of the Decentraland on a Thursday is between -4.66% and 6.14% (see also the table below).
The increase in value of the Decentraland is 3.05% on an average Friday. However, the uncertainty on the average change is high for the Decentraland on Fridays. This is the reason why an expected increase of the Decentraland on an average Friday cannot be predicted. The standard deviation for Decentraland on Fridays is high, namely 10.19%. This means that the expected range of value change for the Decentraland is -7.14% and 13.25% on 68% of the Fridays.
The increase in value of the Decentraland is 6.31% on an average Saturday. However, the uncertainty on the average change is high for the Decentraland on Saturdays. This is the reason why an expected increase of the Decentraland on an average Saturday cannot be predicted. The standard deviation for Decentraland on Saturdays is high, namely 30.72%. This means that the expected range of value change for the Decentraland is -24.41% and 37.03% on 68% of the 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||-1.24%||4.49%||-5.73% to 3.25%|
|Monday||-0.93%||3.68%||-4.61% to 2.76%|
|Tuesday||-0.26%||2.47%||-2.73% to 2.22%|
|Wednesday||0.53%||1.82%||-1.29% to 2.35%|
|Thursday||0.74%||5.40%||-4.66% to 6.14%|
|Friday||3.05%||10.19%||-7.14% to 13.25%|
|Saturday||6.31%||30.72%||-24.41% to 37.03%|