IOTA (MIOTA)

Current price: $ 1.06

24 hours price change: $ -0.02 (-1.77%)

Daily analysis of IOTA (MIOTA) - 1 month

The performance of IOTA regarding the price differs every day. To make the best decision to buy IOTA, we are analysis in this article the performance of IOTA on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on May 18th, 2021 to June 18th, 2021.

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

Average daily change in price of IOTA per weekday between 05/18/2021 and 06/18/2021.

According to the performance of IOTA between May 18th, 2021 and June 18th, 2021, IOTA performed the best on Wednesdays. On average, the price of IOTA increased 3.92% on Wednesday.

The weekday on which the IOTA performed the worst, is Friday. On Fridays, the IOTA declined in value on average by -2.02%.

IOTA weekday performance

On an average Sunday the IOTA shows an increase in value of 1.27%. However, the change of IOTA on most of the Sundays is between -1.28% and 3.82%. Therefore it is hard to tell whether an average Sunday is a good day to start buying IOTAs.

On an average Monday the IOTA shows an increase in value of 2.17%. However, the change of IOTA on most of the Mondays is between -1.54% and 5.89%. Therefore it is hard to tell whether an average Monday is a good day to start buying IOTAs.

It is hard to tell whether the IOTA will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the IOTA is -0.02%. However, the standard deviation on this weekday is 0.04%. This means that on most Tuesdays, the change in value of the IOTA is between -0.05% and 0.02%.

The increase in value of the IOTA is 3.92% on an average Wednesday. However, the uncertainty on the average change is high for the IOTA on Wednesdays. This is the reason why an expected increase of the IOTA on an average Wednesday cannot be predicted. The standard deviation for IOTA on Wednesdays is high, namely 7.83%. This means that the expected range of value change for the IOTA is -3.92% and 11.75% on 68% of the Wednesdays.

The IOTA declines in value on an average Thursday with -1.72%. However, the uncertainty (or standard deviation) is quite large, namely 3.43%. This means that it is not possible to say whether on a regular Thursday the IOTA will increase or decrease in value.

The IOTA declines in value on an average Friday with -2.02%. However, the uncertainty (or standard deviation) is quite large, namely 4.47%. This means that it is not possible to say whether on a regular Friday the IOTA will increase or decrease in value.

The IOTA declines in value on an average Saturday with -1.59%. However, the uncertainty (or standard deviation) is quite large, namely 2.76%. This means that it is not possible to say whether on a regular Saturday the IOTA will increase or decrease in value.

IOTA weekday performance details

Find below the details of the performance of IOTA 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 1.27% 2.55% -1.28% to 3.82%
Monday 2.17% 3.71% -1.54% to 5.89%
Tuesday -0.02% 0.04% -0.05% to 0.02%
Wednesday 3.92% 7.83% -3.92% to 11.75%
Thursday -1.72% 3.43% -5.15% to 1.72%
Friday -2.02% 4.47% -6.49% to 2.45%
Saturday -1.59% 2.76% -4.35% to 1.17%
 

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