Dogecoin (DOGE)

Current price: $ 0.05

24 hours price change: $ 0.001155 (2.33%)

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 February 6th, 2021 to March 6th, 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 02/06/2021 and 03/06/2021.

According to the performance of Dogecoin between February 6th, 2021 and March 6th, 2021, Dogecoin performed the best on Tuesdays. On average, the price of Dogecoin increased 1.60% on Tuesday.

The weekday on which the Dogecoin performed the worst, is Sunday. On Sundays, the Dogecoin declined in value on average by -3.40%.

Dogecoin weekday performance

The decrease in value of the Dogecoin is -3.40% on an average Sunday. The uncertainty of the average change is high for the Dogecoin on Sundays. This means that it is hard to tell whether the Dogecoin will decrease or increase in value on an average Sunday. If we look at the 68% range of the Dogecoin, we see that on 68% of the Sundays, the expected change of the Dogecoin is between -8.42% and 1.62%.

The Dogecoin declines in value on an average Monday with -2.64%. However, the uncertainty (or standard deviation) is quite large, namely 5.67%. This means that it is not possible to say whether on a regular Monday the Dogecoin will increase or decrease in value.

On an average Tuesday the Dogecoin shows an increase in value of 1.60%. However, the change of Dogecoin on most of the Tuesdays is between -0.16% and 3.36%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Dogecoins.

Allthough the Dogecoin decreases in value with -0.37% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Dogecoin on Wednesdays is 0.71%. This means that the expected change of the value of Dogecoin is between -1.08% and 0.35% on 68 out of 100 Wednesdays.

On an average Thursday, the Dogecoin increased 0.31%. However, since the expected deviation is 0.98%, the Dogecoin will decline in value on a Thursday quiet regularly. The expected price change of the Dogecoin on a Thursday is between -0.66% and 1.29%.

The Dogecoin declines in value on an average Friday with -1.31%. However, the uncertainty (or standard deviation) is quite large, namely 2.54%. 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 -0.96%. On most of the Saturdays the Dogecoin decreases in value between -4.07% and 2.15%. The uncertainty (3.11%) is higher than the average decline percentage (-0.96%). 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 -3.40% 5.02% -8.42% to 1.62%
Monday -2.64% 5.67% -8.31% to 3.03%
Tuesday 1.60% 1.76% -0.16% to 3.36%
Wednesday -0.37% 0.71% -1.08% to 0.35%
Thursday 0.31% 0.98% -0.66% to 1.29%
Friday -1.31% 2.54% -3.85% to 1.23%
Saturday -0.96% 3.11% -4.07% to 2.15%
 

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