Decred (DCR)

Current price: $ 143.19

24 hours price change: $ 6.34 (4.63%)

Daily analysis of Decred (DCR) - 6 months

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 6 months, starting on January 30th, 2021 to July 30th, 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 01/30/2021 and 07/30/2021.

According to the performance of Decred between January 30th, 2021 and July 30th, 2021, Decred performed the best on Saturdays. On average, the price of Decred increased 1.16% on Saturday.

The weekday on which the Decred performed the worst, is Friday. On Fridays, the Decred declined in value on average by -0.41%.

Decred weekday performance

Historical performance on Sunday do not show an increase in value of the Decred on which a prediction can be made. The Decred increased in value on average on an average Sunday with 0.89%. However, the uncertainty of this increase is high. The expected change in value of the Decred on a Sunday is between -1.86% and 3.65% (see also the table below).

On an average Monday the Decred shows an increase in value of 1.03%. However, the change of Decred on most of the Mondays is between -2.24% and 4.31%. Therefore it is hard to tell whether an average Monday is a good day to start buying Decreds.

Historical performance on Tuesday do not show an increase in value of the Decred on which a prediction can be made. The Decred increased in value on average on an average Tuesday with 0.82%. However, the uncertainty of this increase is high. The expected change in value of the Decred on a Tuesday is between -2.42% and 4.07% (see also the table below).

On an average Wednesday, the Decred increased 0.39%. However, since the expected deviation is 2.32%, the Decred will decline in value on a Wednesday quiet regularly. The expected price change of the Decred on a Wednesday is between -1.93% and 2.71%.

It is hard to tell whether the Decred will increase or decrease in value on an average Thursday. The average change on a Thursday for the Decred is -0.18%. However, the standard deviation on this weekday is 1.75%. This means that on most Thursdays, the change in value of the Decred is between -1.94% and 1.57%.

Allthough the Decred decreases in value with -0.41% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Decred on Fridays is 2.94%. This means that the expected change of the value of Decred is between -3.34% and 2.53% on 68 out of 100 Fridays.

On an average Saturday the Decred shows an increase in value of 1.16%. However, the change of Decred on most of the Saturdays is between -1.63% and 3.94%. 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 0.89% 2.75% -1.86% to 3.65%
Monday 1.03% 3.28% -2.24% to 4.31%
Tuesday 0.82% 3.24% -2.42% to 4.07%
Wednesday 0.39% 2.32% -1.93% to 2.71%
Thursday -0.18% 1.75% -1.94% to 1.57%
Friday -0.41% 2.94% -3.34% to 2.53%
Saturday 1.16% 2.79% -1.63% to 3.94%
 

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