Dogecoin (DOGE)

Current price: $ 0.13

24 hours price change: $ -0.006300 (-4.60%)

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 December 24th, 2021 to January 24th, 2022.

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 12/24/2021 and 01/24/2022.

According to the performance of Dogecoin between December 24th, 2021 and January 24th, 2022, Dogecoin performed the best on Saturdays. On average, the price of Dogecoin increased 0.90% on Saturday.

The weekday on which the Dogecoin performed the worst, is Monday. On Mondays, the Dogecoin declined in value on average by -0.52%.

Dogecoin weekday performance

Historical performance on Sunday 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 Sunday with 0.66%. However, the uncertainty of this increase is high. The expected change in value of the Dogecoin on a Sunday is between -0.90% and 2.22% (see also the table below).

Allthough the Dogecoin decreases in value with -0.52% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Dogecoin on Mondays is 0.51%. This means that the expected change of the value of Dogecoin is between -1.03% and 0.00% on 68 out of 100 Mondays.

Allthough the Dogecoin decreases in value with -0.32% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Dogecoin on Tuesdays is 0.90%. This means that the expected change of the value of Dogecoin is between -1.22% and 0.58% on 68 out of 100 Tuesdays.

Dogecoin increased in value on an average Wednesday only slightly. The average increase in value of the Dogecoin was 0.29%. 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 (0.46%). This means that on 68 percent of the Wednesdays, the change in price of the Dogecoin is expected to be in the range of -0.18% and 0.75%.

The average increase of the Dogecoin on an average Thursday is 0.52%. This is a small increase, however, the expected change of the Dogecoin in 95% of the Thursdays is -0.49% and 1.53%. This means that only on 2.5% (or slightly over 1 Thursday per year) the expected change of the Dogecoin is below -0.49%. On the other hand, you would not have to expect that the change on a single Thursday will be above 1.53%. This will also only happen on 2.5% of the Thursdays. On 68% of the Thursdays, the increase of the Dogecoin will be in the range of 0.01% and 1.02%.

On an average Friday, the Dogecoin increased 0.46%. However, since the expected deviation is 1.71%, the Dogecoin will decline in value on a Friday quiet regularly. The expected price change of the Dogecoin on a Friday is between -1.25% and 2.17%.

The expected range of change of the Dogecoin for an average Saturday is between 0.42% and 1.37%. This is the result of an average increase in value of 0.90% and a standard deviation of %STANDARD_DEVIATION%}. This expected increase of value is calculated over the last 1 month.

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 0.66% 1.56% -0.90% to 2.22%
Monday -0.52% 0.51% -1.03% to 0.00%
Tuesday -0.32% 0.90% -1.22% to 0.58%
Wednesday 0.29% 0.46% -0.18% to 0.75%
Thursday 0.52% 0.51% 0.01% to 1.02%
Friday 0.46% 1.71% -1.25% to 2.17%
Saturday 0.90% 0.48% 0.42% to 1.37%
 

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