Dogecoin (DOGE)

Current price: $ 0.14

24 hours price change: $ 0.000087 (0.06%)

Daily analysis of Dogecoin (DOGE) - 1 month

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 17th, 2024 to June 17th, 2024.

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 05/17/2024 and 06/17/2024.

According to the performance of Dogecoin between May 17th, 2024 and June 17th, 2024, Dogecoin performed the best on Mondays. On average, the price of Dogecoin increased 2.58% on Monday.

The weekday on which the Dogecoin performed the worst, is Thursday. On Thursdays, the Dogecoin declined in value on average by -1.65%.

Dogecoin weekday performance

The Dogecoin declines in value on an average Sunday with -1.43%. However, the uncertainty (or standard deviation) is quite large, namely 1.83%. This means that it is not possible to say whether on a regular Sunday the Dogecoin will increase or decrease in value.

On an average Monday the Dogecoin shows an increase in value of 2.58%. However, the change of Dogecoin on most of the Mondays is between -1.78% and 6.94%. Therefore it is hard to tell whether an average Monday is a good day to start buying Dogecoins.

Dogecoin increased in value on an average Tuesday only slightly. The average increase in value of the Dogecoin was 0.04%. 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 (1.80%). This means that on 68 percent of the Tuesdays, the change in price of the Dogecoin is expected to be in the range of -1.76% and 1.84%.

On Wednesdays, the Dogecoin decreases in value on average with -0.76%. On most of the Wednesdays the Dogecoin decreases in value between -1.72% and 0.20%. The uncertainty (0.96%) is higher than the average decline percentage (-0.76%). Therefore, expected range of price changes of the Dogecoin on Wednesdays is large.

The Dogecoin declines in value on an average Thursday with -1.65%. However, the uncertainty (or standard deviation) is quite large, namely 1.72%. This means that it is not possible to say whether on a regular Thursday the Dogecoin will increase or decrease in value.

On an average Friday, the Dogecoin increased 0.47%. However, since the expected deviation is 1.09%, the Dogecoin will decline in value on a Friday quiet regularly. The expected price change of the Dogecoin on a Friday is between -0.63% and 1.56%.

Historical performance on Saturday do not show an increase in value of the Dogecoin on which a prediction can be made. The Dogecoin increased in value on average on an average Saturday with 0.87%. However, the uncertainty of this increase is high. The expected change in value of the Dogecoin on a Saturday is between -1.85% and 3.59% (see also the table below).

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 -1.43% 1.83% -3.26% to 0.39%
Monday 2.58% 4.36% -1.78% to 6.94%
Tuesday 0.04% 1.80% -1.76% to 1.84%
Wednesday -0.76% 0.96% -1.72% to 0.20%
Thursday -1.65% 1.72% -3.37% to 0.06%
Friday 0.47% 1.09% -0.63% to 1.56%
Saturday 0.87% 2.72% -1.85% to 3.59%
 

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