Monero (XMR)

Current price: $ 63.37

24 hours price change: $ -1.66 (-2.55%)

Daily analysis of Monero (XMR) - all

The performance of Monero regarding the price differs every day. To make the best decision to buy Monero, we are analysis in this article the performance of Monero on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last years, starting on January 28th, 2015 to July 3rd, 2020.

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

Average daily change in price of Monero per weekday between 01/28/2015 and 07/03/2020.

According to the performance of Monero between January 28th, 2015 and July 3rd, 2020, Monero performed the best on Fridays. On average, the price of Monero increased 2.74% on Friday.

The weekday on which the Monero performed the worst, is Monday. On Mondays, the Monero declined in value on average by -0.16%.

Monero weekday performance

On an average Sunday the Monero shows an increase in value of 1.72%. However, the change of Monero on most of the Sundays is between -14.69% and 18.13%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Moneros.

It is hard to tell whether the Monero will increase or decrease in value on an average Monday. The average change on a Monday for the Monero is -0.16%. However, the standard deviation on this weekday is 12.51%. This means that on most Mondays, the change in value of the Monero is between -12.66% and 12.35%.

On an average Tuesday the Monero shows an increase in value of 1.33%. However, the change of Monero on most of the Tuesdays is between -15.33% and 17.98%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Moneros.

On an average Wednesday the Monero shows an increase in value of 1.37%. However, the change of Monero on most of the Wednesdays is between -16.46% and 19.20%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Moneros.

On an average Thursday the Monero shows an increase in value of 1.09%. However, the change of Monero on most of the Thursdays is between -15.10% and 17.28%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Moneros.

On an average Friday the Monero shows an increase in value of 2.74%. However, the change of Monero on most of the Fridays is between -15.23% and 20.70%. Therefore it is hard to tell whether an average Friday is a good day to start buying Moneros.

Monero increased in value on an average Saturday only slightly. The average increase in value of the Monero was 0.25%. Allthough the Monero closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (11.23%). This means that on 68 percent of the Saturdays, the change in price of the Monero is expected to be in the range of -10.98% and 11.48%.

Monero weekday performance details

Find below the details of the performance of Monero 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 1.72% 16.41% -14.69% to 18.13%
Monday -0.16% 12.51% -12.66% to 12.35%
Tuesday 1.33% 16.66% -15.33% to 17.98%
Wednesday 1.37% 17.83% -16.46% to 19.20%
Thursday 1.09% 16.19% -15.10% to 17.28%
Friday 2.74% 17.97% -15.23% to 20.70%
Saturday 0.25% 11.23% -10.98% to 11.48%
 

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