Dogecoin (DOGE)

Current price: $ 0.05

24 hours price change: $ 0.001431 (2.92%)

Daily analysis of Dogecoin (DOGE) - 1 year

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 year, starting on March 6th, 2020 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 03/06/2020 and 03/06/2021.

According to the performance of Dogecoin between March 6th, 2020 and March 6th, 2021, Dogecoin performed the best on Wednesdays. On average, the price of Dogecoin increased 7.20% on Wednesday.

The weekday on which the Dogecoin performed the worst, is Friday. On Fridays, the Dogecoin declined in value on average by -0.90%.

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 -0.18%. However, the standard deviation on this weekday is 2.56%. This means that on most Sundays, the change in value of the Dogecoin is between -2.73% and 2.38%.

Allthough the Dogecoin decreases in value with -0.47% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Dogecoin on Mondays is 2.82%. This means that the expected change of the value of Dogecoin is between -3.29% and 2.36% on 68 out of 100 Mondays.

Dogecoin increased in value on an average Tuesday only slightly. The average increase in value of the Dogecoin was 0.23%. 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 (2.45%). This means that on 68 percent of the Tuesdays, the change in price of the Dogecoin is expected to be in the range of -2.22% and 2.68%.

The increase in value of the Dogecoin is 7.20% on an average Wednesday. However, the uncertainty on the average change is high for the Dogecoin on Wednesdays. This is the reason why an expected increase of the Dogecoin on an average Wednesday cannot be predicted. The standard deviation for Dogecoin on Wednesdays is high, namely 53.96%. This means that the expected range of value change for the Dogecoin is -46.76% and 61.16% on 68% of the Wednesdays.

Historical performance on Thursday 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 Thursday with 0.73%. However, the uncertainty of this increase is high. The expected change in value of the Dogecoin on a Thursday is between -3.22% and 4.68% (see also the table below).

On Fridays, the Dogecoin decreases in value on average with -0.90%. On most of the Fridays the Dogecoin decreases in value between -6.17% and 4.37%. The uncertainty (5.27%) is higher than the average decline percentage (-0.90%). Therefore, expected range of price changes of the Dogecoin on Fridays is large.

Dogecoin increased in value on an average Saturday only slightly. The average increase in value of the Dogecoin was 0.17%. 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 (4.78%). This means that on 68 percent of the Saturdays, the change in price of the Dogecoin is expected to be in the range of -4.61% and 4.95%.

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 -0.18% 2.56% -2.73% to 2.38%
Monday -0.47% 2.82% -3.29% to 2.36%
Tuesday 0.23% 2.45% -2.22% to 2.68%
Wednesday 7.20% 53.96% -46.76% to 61.16%
Thursday 0.73% 3.95% -3.22% to 4.68%
Friday -0.90% 5.27% -6.17% to 4.37%
Saturday 0.17% 4.78% -4.61% to 4.95%
 

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