MonaCoin (MONA)

Current price: $ 1.71

24 hours price change: $ 0.03 (1.81%)

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 January 9th, 2020 to July 8th, 2020.

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 01/09/2020 and 07/08/2020.

According to the performance of MonaCoin between January 9th, 2020 and July 8th, 2020, MonaCoin performed the best on Thursdays. On average, the price of MonaCoin increased 0.64% on Thursday.

The weekday on which the MonaCoin performed the worst, is Friday. On Fridays, the MonaCoin declined in value on average by -0.31%.

MonaCoin weekday performance

MonaCoin increased in value on an average Sunday only slightly. The average increase in value of the MonaCoin was 0.05%. 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 (0.88%). This means that on 68 percent of the Sundays, the change in price of the MonaCoin is expected to be in the range of -0.83% and 0.93%.

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 -0.19%. However, the standard deviation on this weekday is 0.97%. This means that on most Mondays, the change in value of the MonaCoin is between -1.16% and 0.78%.

On an average Tuesday, the MonaCoin increased 0.33%. However, since the expected deviation is 1.59%, the MonaCoin will decline in value on a Tuesday quiet regularly. The expected price change of the MonaCoin on a Tuesday is between -1.25% and 1.92%.

MonaCoin increased in value on an average Wednesday only slightly. The average increase in value of the MonaCoin was 0.05%. 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 (1.20%). This means that on 68 percent of the Wednesdays, the change in price of the MonaCoin is expected to be in the range of -1.16% and 1.25%.

Historical performance on Thursday 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 Thursday with 0.64%. However, the uncertainty of this increase is high. The expected change in value of the MonaCoin on a Thursday is between -1.68% and 2.95% (see also the table below).

Allthough the MonaCoin decreases in value with -0.31% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of MonaCoin on Fridays is 1.01%. This means that the expected change of the value of MonaCoin is between -1.31% and 0.70% on 68 out of 100 Fridays.

On an average Saturday, the MonaCoin increased 0.33%. However, since the expected deviation is 1.15%, the MonaCoin will decline in value on a Saturday quiet regularly. The expected price change of the MonaCoin on a Saturday is between -0.82% and 1.48%.

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 0.05% 0.88% -0.83% to 0.93%
Monday -0.19% 0.97% -1.16% to 0.78%
Tuesday 0.33% 1.59% -1.25% to 1.92%
Wednesday 0.05% 1.20% -1.16% to 1.25%
Thursday 0.64% 2.32% -1.68% to 2.95%
Friday -0.31% 1.01% -1.31% to 0.70%
Saturday 0.33% 1.15% -0.82% to 1.48%
 

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