The performance of MonaCoin regarding the price differs every day. To make the best decision to buy MonaCoin, we are analysis in this article the performance of MonaCoin on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on December 18th, 2021 to January 18th, 2022.
In the barchart below, the weekdays and average performance of MonaCoin are shown side by side.
According to the performance of MonaCoin between December 18th, 2021 and January 18th, 2022, MonaCoin performed the best on Saturdays. On average, the price of MonaCoin increased 0.90% on Saturday.
The weekday on which the MonaCoin performed the worst, is Thursday. On Thursdays, the MonaCoin declined in value on average by -1.12%.
MonaCoin weekday performance
It is hard to tell whether the MonaCoin will increase or decrease in value on an average Sunday. The average change on a Sunday for the MonaCoin is -0.13%. However, the standard deviation on this weekday is 0.42%. This means that on most Sundays, the change in value of the MonaCoin is between -0.54% and 0.29%.
On Mondays, the MonaCoin decreases in value on average with -0.74%. On most of the Mondays the MonaCoin decreases in value between -1.36% and -0.12%. The uncertainty (0.62%) is higher than the average decline percentage (-0.74%). Therefore, expected range of price changes of the MonaCoin on Mondays is large.
It is hard to tell whether the MonaCoin will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the MonaCoin is -0.27%. However, the standard deviation on this weekday is 0.74%. This means that on most Tuesdays, the change in value of the MonaCoin is between -1.02% and 0.47%.
MonaCoin increased in value on an average Wednesday only slightly. The average increase in value of the MonaCoin was 0.16%. Allthough the MonaCoin closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.59%). This means that on 68 percent of the Wednesdays, the change in price of the MonaCoin is expected to be in the range of -0.44% and 0.75%.
The MonaCoin declines in value on an average Thursday with -1.12%. However, the uncertainty (or standard deviation) is quite large, namely 1.27%. This means that it is not possible to say whether on a regular Thursday the MonaCoin will increase or decrease in value.
On Fridays, the MonaCoin decreases in value on average with -0.62%. On most of the Fridays the MonaCoin decreases in value between -1.67% and 0.44%. The uncertainty (1.06%) is higher than the average decline percentage (-0.62%). Therefore, expected range of price changes of the MonaCoin on Fridays is large.
Historical performance on Saturday do not show an increase in value of the MonaCoin on which a prediction can be made. The MonaCoin increased in value on average on an average Saturday with 0.90%. However, the uncertainty of this increase is high. The expected change in value of the MonaCoin on a Saturday is between -0.08% and 1.88% (see also the table below).
MonaCoin weekday performance details
Find below the details of the performance of MonaCoin 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||-0.13%||0.42%||-0.54% to 0.29%|
|Monday||-0.74%||0.62%||-1.36% to -0.12%|
|Tuesday||-0.27%||0.74%||-1.02% to 0.47%|
|Wednesday||0.16%||0.59%||-0.44% to 0.75%|
|Thursday||-1.12%||1.27%||-2.39% to 0.15%|
|Friday||-0.62%||1.06%||-1.67% to 0.44%|
|Saturday||0.90%||0.98%||-0.08% to 1.88%|