MonaCoin (MONA)

Current price: $ 1.96

24 hours price change: $ 0.04 (1.98%)

Daily analysis of MonaCoin (MONA) - 1 month

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 February 8th, 2021 to March 8th, 2021.

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

Average daily change in price of MonaCoin per weekday between 02/08/2021 and 03/08/2021.

According to the performance of MonaCoin between February 8th, 2021 and March 8th, 2021, MonaCoin performed the best on Wednesdays. On average, the price of MonaCoin increased 1.68% on Wednesday.

The weekday on which the MonaCoin performed the worst, is Friday. On Fridays, the MonaCoin declined in value on average by -2.26%.

MonaCoin weekday performance

The MonaCoin declines in value on an average Sunday with -1.51%. However, the uncertainty (or standard deviation) is quite large, namely 3.63%. This means that it is not possible to say whether on a regular Sunday the MonaCoin will increase or decrease in value.

Allthough the MonaCoin decreases in value with -0.50% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of MonaCoin on Mondays is 2.24%. This means that the expected change of the value of MonaCoin is between -2.75% and 1.74% on 68 out of 100 Mondays.

MonaCoin increased in value on an average Tuesday only slightly. The average increase in value of the MonaCoin was 0.13%. 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 (1.81%). This means that on 68 percent of the Tuesdays, the change in price of the MonaCoin is expected to be in the range of -1.69% and 1.94%.

On an average Wednesday the MonaCoin shows a high increase in value, namely 1.68%. The standard deviation is below the average increase percentage (standard deviation is 0.56%), meaning that on 68% of the Wednesdays the MonaCoin will increase with a percentage between 1.12% and 2.24%. This also means that, on average, on 16 percent of the Wednesdays, the MonaCoin will increase with a percentage above this range. On the other 16% of the Wednesdays, the MonaCoin will change with a percentage below the 1.12%.

On an average Thursday, the MonaCoin increased 0.37%. However, since the expected deviation is 1.31%, the MonaCoin will decline in value on a Thursday quiet regularly. The expected price change of the MonaCoin on a Thursday is between -0.93% and 1.68%.

The MonaCoin declines in value on an average Friday with -2.26%. However, the uncertainty (or standard deviation) is quite large, namely 1.65%. This means that it is not possible to say whether on a regular Friday the MonaCoin will increase or decrease in value.

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 0.77%. However, the uncertainty of this increase is high. The expected change in value of the MonaCoin on a Saturday is between -4.44% and 5.99% (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 -1.51% 3.63% -5.15% to 2.12%
Monday -0.50% 2.24% -2.75% to 1.74%
Tuesday 0.13% 1.81% -1.69% to 1.94%
Wednesday 1.68% 0.56% 1.12% to 2.24%
Thursday 0.37% 1.31% -0.93% to 1.68%
Friday -2.26% 1.65% -3.90% to -0.61%
Saturday 0.77% 5.22% -4.44% to 5.99%
 

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