Decred (DCR)

Current price: $ 151.52

24 hours price change: $ 7.14 (4.94%)

Daily analysis of Decred (DCR) - 1 month

The performance of Decred regarding the price differs every day. To make the best decision to buy Decred, we are analysis in this article the performance of Decred on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on February 6th, 2021 to March 6th, 2021.

In the barchart below, the weekdays and average performance of Decred are shown side by side.

Average daily change in price of Decred per weekday between 02/06/2021 and 03/06/2021.

According to the performance of Decred between February 6th, 2021 and March 6th, 2021, Decred performed the best on Saturdays. On average, the price of Decred increased 2.71% on Saturday.

The weekday on which the Decred performed the worst, is Friday. On Fridays, the Decred declined in value on average by -3.76%.

Decred weekday performance

On an average Sunday the Decred shows an increase in value of 1.06%. However, the change of Decred on most of the Sundays is between -0.89% and 3.01%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Decreds.

The Decred declines in value on an average Monday with -1.17%. However, the uncertainty (or standard deviation) is quite large, namely 2.99%. This means that it is not possible to say whether on a regular Monday the Decred will increase or decrease in value.

On an average Tuesday the Decred shows an increase in value of 1.80%. However, the change of Decred on most of the Tuesdays is between -2.98% and 6.58%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Decreds.

It is hard to tell whether the Decred will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Decred is -0.25%. However, the standard deviation on this weekday is 0.81%. This means that on most Wednesdays, the change in value of the Decred is between -1.07% and 0.56%.

The Decred declines in value on an average Thursday with -1.14%. However, the uncertainty (or standard deviation) is quite large, namely 3.14%. This means that it is not possible to say whether on a regular Thursday the Decred will increase or decrease in value.

The decrease in value of the Decred is -3.76% on an average Friday. The uncertainty of the average change is high for the Decred on Fridays. This means that it is hard to tell whether the Decred will decrease or increase in value on an average Friday. If we look at the 68% range of the Decred, we see that on 68% of the Fridays, the expected change of the Decred is between -8.09% and 0.57%.

On an average Saturday the Decred shows an increase in value of 2.71%. However, the change of Decred on most of the Saturdays is between -0.31% and 5.73%. Therefore it is hard to tell whether an average Saturday is a good day to start buying Decreds.

Decred weekday performance details

Find below the details of the performance of Decred 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 1.06% 1.95% -0.89% to 3.01%
Monday -1.17% 2.99% -4.16% to 1.82%
Tuesday 1.80% 4.78% -2.98% to 6.58%
Wednesday -0.25% 0.81% -1.07% to 0.56%
Thursday -1.14% 3.14% -4.28% to 2.00%
Friday -3.76% 4.33% -8.09% to 0.57%
Saturday 2.71% 3.02% -0.31% to 5.73%
 

We use cookies on our website. Some of them are essential for the operation of the site, while others help us to improve this site and the user experience (tracking cookies). You can decide for yourself whether you want to allow cookies or not. Please note that if you reject them, you may not be able to use all the functionalities of the site.