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 6 months, starting on January 26th, 2021 to July 26th, 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 01/26/2021 and 07/26/2021.
According to the performance of Dogecoin between January 26th, 2021 and July 26th, 2021, Dogecoin performed the best on Wednesdays. On average, the price of Dogecoin increased 16.53% on Wednesday.
The weekday on which the Dogecoin performed the worst, is Friday. On Fridays, the Dogecoin declined in value on average by -1.73%.
Dogecoin weekday performance
Allthough the Dogecoin decreases in value with -0.45% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Dogecoin on Sundays is 2.93%. This means that the expected change of the value of Dogecoin is between -3.38% and 2.49% on 68 out of 100 Sundays.
Allthough the Dogecoin decreases in value with -0.36% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Dogecoin on Mondays is 4.09%. This means that the expected change of the value of Dogecoin is between -4.45% and 3.73% 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 0.03%. 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 (2.81%). This means that on 68 percent of the Tuesdays, the change in price of the Dogecoin is expected to be in the range of -2.78% and 2.84%.
The increase in value of the Dogecoin is 16.53% 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 75.38%. This means that the expected range of value change for the Dogecoin is -58.85% and 91.91% on 68% of the Wednesdays.
On an average Thursday the Dogecoin shows an increase in value of 1.07%. However, the change of Dogecoin on most of the Thursdays is between -4.47% and 6.60%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Dogecoins.
The Dogecoin declines in value on an average Friday with -1.73%. However, the uncertainty (or standard deviation) is quite large, namely 8.08%. This means that it is not possible to say whether on a regular Friday the Dogecoin will increase or decrease in value.
On an average Saturday the Dogecoin shows an increase in value of 1.10%. However, the change of Dogecoin on most of the Saturdays is between -5.07% and 7.26%. Therefore it is hard to tell whether an average Saturday is a good day to start buying Dogecoins.
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 | -0.45% | 2.93% | -3.38% to 2.49% |
| Monday | -0.36% | 4.09% | -4.45% to 3.73% |
| Tuesday | 0.03% | 2.81% | -2.78% to 2.84% |
| Wednesday | 16.53% | 75.38% | -58.85% to 91.91% |
| Thursday | 1.07% | 5.53% | -4.47% to 6.60% |
| Friday | -1.73% | 8.08% | -9.81% to 6.35% |
| Saturday | 1.10% | 6.16% | -5.07% to 7.26% |