Hedera Hashgraph (HBAR)

Current price: $ 0.08

24 hours price change: $ 0.000554 (0.66%)

Daily analysis of Hedera Hashgraph (HBAR) - 1 month

The performance of Hedera Hashgraph regarding the price differs every day. To make the best decision to buy Hedera Hashgraph, we are analysis in this article the performance of Hedera Hashgraph on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on May 17th, 2024 to June 17th, 2024.

In the barchart below, the weekdays and average performance of Hedera Hashgraph are shown side by side.

Average daily change in price of Hedera Hashgraph per weekday between 05/17/2024 and 06/17/2024.

According to the performance of Hedera Hashgraph between May 17th, 2024 and June 17th, 2024, Hedera Hashgraph performed the best on Mondays. On average, the price of Hedera Hashgraph increased 1.17% on Monday.

The weekday on which the Hedera Hashgraph performed the worst, is Thursday. On Thursdays, the Hedera Hashgraph declined in value on average by -1.56%.

Hedera Hashgraph weekday performance

On Sundays, the Hedera Hashgraph decreases in value on average with -0.98%. On most of the Sundays the Hedera Hashgraph decreases in value between -2.26% and 0.29%. The uncertainty (1.27%) is higher than the average decline percentage (-0.98%). Therefore, expected range of price changes of the Hedera Hashgraph on Sundays is large.

On an average Monday the Hedera Hashgraph shows an increase in value of 1.17%. However, the change of Hedera Hashgraph on most of the Mondays is between -1.17% and 3.51%. Therefore it is hard to tell whether an average Monday is a good day to start buying Hedera Hashgraphs.

The Hedera Hashgraph declines in value on an average Tuesday with -1.00%. However, the uncertainty (or standard deviation) is quite large, namely 1.14%. This means that it is not possible to say whether on a regular Tuesday the Hedera Hashgraph will increase or decrease in value.

On Wednesdays, the Hedera Hashgraph decreases in value on average with -0.68%. On most of the Wednesdays the Hedera Hashgraph decreases in value between -1.32% and -0.04%. The uncertainty (0.64%) is higher than the average decline percentage (-0.68%). Therefore, expected range of price changes of the Hedera Hashgraph on Wednesdays is large.

The Hedera Hashgraph declines in value on an average Thursday with -1.56%. However, the uncertainty (or standard deviation) is quite large, namely 1.68%. This means that it is not possible to say whether on a regular Thursday the Hedera Hashgraph will increase or decrease in value.

It is hard to tell whether the Hedera Hashgraph will increase or decrease in value on an average Friday. The average change on a Friday for the Hedera Hashgraph is -0.27%. However, the standard deviation on this weekday is 0.42%. This means that on most Fridays, the change in value of the Hedera Hashgraph is between -0.68% and 0.15%.

Hedera Hashgraph increased in value on an average Saturday only slightly. The average increase in value of the Hedera Hashgraph was 0.03%. Allthough the Hedera Hashgraph closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.31%). This means that on 68 percent of the Saturdays, the change in price of the Hedera Hashgraph is expected to be in the range of -0.28% and 0.34%.

Hedera Hashgraph weekday performance details

Find below the details of the performance of Hedera Hashgraph 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 -0.98% 1.27% -2.26% to 0.29%
Monday 1.17% 2.34% -1.17% to 3.51%
Tuesday -1.00% 1.14% -2.15% to 0.14%
Wednesday -0.68% 0.64% -1.32% to -0.04%
Thursday -1.56% 1.68% -3.23% to 0.12%
Friday -0.27% 0.42% -0.68% to 0.15%
Saturday 0.03% 0.31% -0.28% to 0.34%
 

About Us

: Financial indicators for cryptocurrencies