MonaCoin (MONA)

Current price: $ 0.55

24 hours price change: $ -0.001734 (-0.31%)

Daily analysis of MonaCoin (MONA) - 6 months

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 6 months, starting on February 7th, 2022 to August 7th, 2022.

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 02/07/2022 and 08/07/2022.

According to the performance of MonaCoin between February 7th, 2022 and August 7th, 2022, MonaCoin performed the best on Wednesdays. On average, the price of MonaCoin increased 0.64% on Wednesday.

The weekday on which the MonaCoin performed the worst, is Thursday. On Thursdays, the MonaCoin declined in value on average by -0.27%.

MonaCoin weekday performance

MonaCoin increased in value on an average Sunday only slightly. The average increase in value of the MonaCoin was 0.08%. 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 (1.18%). This means that on 68 percent of the Sundays, the change in price of the MonaCoin is expected to be in the range of -1.10% and 1.25%.

It is hard to tell whether the MonaCoin will increase or decrease in value on an average Monday. The average change on a Monday for the MonaCoin is -0.05%. However, the standard deviation on this weekday is 0.93%. This means that on most Mondays, the change in value of the MonaCoin is between -0.97% and 0.88%.

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 -0.01%. However, the standard deviation on this weekday is 0.81%. This means that on most Tuesdays, the change in value of the MonaCoin is between -0.82% and 0.80%.

Historical performance on Wednesday 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 Wednesday with 0.64%. However, the uncertainty of this increase is high. The expected change in value of the MonaCoin on a Wednesday is between -1.04% and 2.33% (see also the table below).

It is hard to tell whether the MonaCoin will increase or decrease in value on an average Thursday. The average change on a Thursday for the MonaCoin is -0.27%. However, the standard deviation on this weekday is 1.63%. This means that on most Thursdays, the change in value of the MonaCoin is between -1.90% and 1.36%.

It is hard to tell whether the MonaCoin will increase or decrease in value on an average Friday. The average change on a Friday for the MonaCoin is -0.10%. However, the standard deviation on this weekday is 0.97%. This means that on most Fridays, the change in value of the MonaCoin is between -1.08% and 0.87%.

It is hard to tell whether the MonaCoin will increase or decrease in value on an average Saturday. The average change on a Saturday for the MonaCoin is -0.08%. However, the standard deviation on this weekday is 1.34%. This means that on most Saturdays, the change in value of the MonaCoin is between -1.42% and 1.26%.

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 0.08% 1.18% -1.10% to 1.25%
Monday -0.05% 0.93% -0.97% to 0.88%
Tuesday -0.01% 0.81% -0.82% to 0.80%
Wednesday 0.64% 1.69% -1.04% to 2.33%
Thursday -0.27% 1.63% -1.90% to 1.36%
Friday -0.10% 0.97% -1.08% to 0.87%
Saturday -0.08% 1.34% -1.42% to 1.26%
 

About Us

: Financial indicators for cryptocurrencies