The performance of Dogecoin regarding the price differs every day. To make the best decision to buy Dogecoin, we are analysis in this article the performance of Dogecoin on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on May 18th, 2021 to June 18th, 2021.
In the barchart below, the weekdays and average performance of Dogecoin are shown side by side.
Average daily change in price of Dogecoin per weekday between 05/18/2021 and 06/18/2021.
According to the performance of Dogecoin between May 18th, 2021 and June 18th, 2021, Dogecoin performed the best on Mondays. On average, the price of Dogecoin increased 2.03% on Monday.
The weekday on which the Dogecoin performed the worst, is Friday. On Fridays, the Dogecoin declined in value on average by -1.36%.
Dogecoin weekday performance
It is hard to tell whether the Dogecoin will increase or decrease in value on an average Sunday. The average change on a Sunday for the Dogecoin is -0.07%. However, the standard deviation on this weekday is 0.14%. This means that on most Sundays, the change in value of the Dogecoin is between -0.20% and 0.07%.
On an average Monday the Dogecoin shows an increase in value of 2.03%. However, the change of Dogecoin on most of the Mondays is between -1.32% and 5.37%. Therefore it is hard to tell whether an average Monday is a good day to start buying Dogecoins.
It is hard to tell whether the Dogecoin will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Dogecoin is -0.07%. However, the standard deviation on this weekday is 0.12%. This means that on most Tuesdays, the change in value of the Dogecoin is between -0.19% and 0.05%.
Dogecoin increased in value on an average Wednesday only slightly. The average increase in value of the Dogecoin was 0.21%. Allthough the Dogecoin closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.93%). This means that on 68 percent of the Wednesdays, the change in price of the Dogecoin is expected to be in the range of -0.72% and 1.14%.
On Thursdays, the Dogecoin decreases in value on average with -0.80%. On most of the Thursdays the Dogecoin decreases in value between -3.16% and 1.56%. The uncertainty (2.36%) is higher than the average decline percentage (-0.80%). Therefore, expected range of price changes of the Dogecoin on Thursdays is large.
The Dogecoin declines in value on an average Friday with -1.36%. However, the uncertainty (or standard deviation) is quite large, namely 2.69%. This means that it is not possible to say whether on a regular Friday the Dogecoin will increase or decrease in value.
On Saturdays, the Dogecoin decreases in value on average with -0.65%. On most of the Saturdays the Dogecoin decreases in value between -1.82% and 0.52%. The uncertainty (1.17%) is higher than the average decline percentage (-0.65%). Therefore, expected range of price changes of the Dogecoin on Saturdays is large.
Dogecoin weekday performance details
Find below the details of the performance of Dogecoin 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 | -0.07% | 0.14% | -0.20% to 0.07% |
| Monday | 2.03% | 3.34% | -1.32% to 5.37% |
| Tuesday | -0.07% | 0.12% | -0.19% to 0.05% |
| Wednesday | 0.21% | 0.93% | -0.72% to 1.14% |
| Thursday | -0.80% | 2.36% | -3.16% to 1.56% |
| Friday | -1.36% | 2.69% | -4.04% to 1.33% |
| Saturday | -0.65% | 1.17% | -1.82% to 0.52% |