Monero (XMR)

Current price: $ 258.54

24 hours price change: $ 11.71 (4.74%)

Daily analysis of Monero (XMR) - 1 month

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 1 month, starting on May 13th, 2021 to June 13th, 2021.

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 05/13/2021 and 06/13/2021.

According to the performance of Monero between May 13th, 2021 and June 13th, 2021, Monero performed the best on Wednesdays. On average, the price of Monero increased 2.24% on Wednesday.

The weekday on which the Monero performed the worst, is Thursday. On Thursdays, the Monero declined in value on average by -1.25%.

Monero weekday performance

On an average Sunday the Monero shows an increase in value of 1.58%. However, the change of Monero on most of the Sundays is between -1.61% and 4.76%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Moneros.

On an average Monday the Monero shows an increase in value of 1.04%. However, the change of Monero on most of the Mondays is between -0.73% and 2.81%. Therefore it is hard to tell whether an average Monday 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 Tuesday. The average change on a Tuesday for the Monero is -0.04%. However, the standard deviation on this weekday is 0.08%. This means that on most Tuesdays, the change in value of the Monero is between -0.12% and 0.04%.

On an average Wednesday the Monero shows an increase in value of 2.24%. However, the change of Monero on most of the Wednesdays is between -1.59% and 6.07%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Moneros.

The Monero declines in value on an average Thursday with -1.25%. However, the uncertainty (or standard deviation) is quite large, namely 2.60%. This means that it is not possible to say whether on a regular Thursday the Monero will increase or decrease in value.

Historical performance on Friday do not show an increase in value of the Monero on which a prediction can be made. The Monero increased in value on average on an average Friday with 0.93%. However, the uncertainty of this increase is high. The expected change in value of the Monero on a Friday is between -0.78% and 2.64% (see also the table below).

On Saturdays, the Monero decreases in value on average with -0.93%. On most of the Saturdays the Monero decreases in value between -4.40% and 2.55%. The uncertainty (3.47%) is higher than the average decline percentage (-0.93%). Therefore, expected range of price changes of the Monero on Saturdays is large.

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 1.58% 3.18% -1.61% to 4.76%
Monday 1.04% 1.77% -0.73% to 2.81%
Tuesday -0.04% 0.08% -0.12% to 0.04%
Wednesday 2.24% 3.83% -1.59% to 6.07%
Thursday -1.25% 2.60% -3.85% to 1.34%
Friday 0.93% 1.71% -0.78% to 2.64%
Saturday -0.93% 3.47% -4.40% to 2.55%
 

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