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 September 4th, 2020 to March 4th, 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 09/04/2020 and 03/04/2021.
According to the performance of Dogecoin between September 4th, 2020 and March 4th, 2021, Dogecoin performed the best on Wednesdays. On average, the price of Dogecoin increased 14.31% on Wednesday.
The weekday on which the Dogecoin performed the worst, is Friday. On Fridays, the Dogecoin declined in value on average by -1.65%.
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 -0.25%. However, the standard deviation on this weekday is 3.52%. This means that on most Sundays, the change in value of the Dogecoin is between -3.77% and 3.27%.
On Mondays, the Dogecoin decreases in value on average with -0.92%. On most of the Mondays the Dogecoin decreases in value between -4.83% and 2.99%. The uncertainty (3.91%) is higher than the average decline percentage (-0.92%). Therefore, expected range of price changes of the Dogecoin on Mondays is large.
On an average Tuesday, the Dogecoin increased 0.47%. However, since the expected deviation is 3.34%, the Dogecoin will decline in value on a Tuesday quiet regularly. The expected price change of the Dogecoin on a Tuesday is between -2.87% and 3.81%.
The increase in value of the Dogecoin is 14.31% 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 75.64%. This means that the expected range of value change for the Dogecoin is -61.33% and 89.95% on 68% of the Wednesdays.
On an average Thursday the Dogecoin shows an increase in value of 1.51%. However, the change of Dogecoin on most of the Thursdays is between -3.82% and 6.84%. 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 -1.65%. However, the uncertainty (or standard deviation) is quite large, namely 7.42%. 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 increased 0.50%. However, since the expected deviation is 6.77%, the Dogecoin will decline in value on a Saturday quiet regularly. The expected price change of the Dogecoin on a Saturday is between -6.27% and 7.26%.
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 | -0.25% | 3.52% | -3.77% to 3.27% |
| Monday | -0.92% | 3.91% | -4.83% to 2.99% |
| Tuesday | 0.47% | 3.34% | -2.87% to 3.81% |
| Wednesday | 14.31% | 75.64% | -61.33% to 89.95% |
| Thursday | 1.51% | 5.33% | -3.82% to 6.84% |
| Friday | -1.65% | 7.42% | -9.07% to 5.77% |
| Saturday | 0.50% | 6.77% | -6.27% to 7.26% |