Monero (XMR)

Current price: $ 344.36

24 hours price change: $ -31.61 (-8.41%)

Daily analysis of Monero (XMR) - 1 year

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 year, starting on May 18th, 2020 to May 18th, 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 05/18/2020 and 05/18/2021.

According to the performance of Monero between May 18th, 2020 and May 18th, 2021, Monero performed the best on Saturdays. On average, the price of Monero increased 0.44% on Saturday.

The weekday on which the Monero performed the worst, is Tuesday. On Tuesdays, the Monero declined in value on average by -0.35%.

Monero weekday performance

Monero increased in value on an average Sunday only slightly. The average increase in value of the Monero was 0.13%. 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 (1.42%). This means that on 68 percent of the Sundays, the change in price of the Monero is expected to be in the range of -1.30% and 1.55%.

Monero increased in value on an average Monday 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 (2.25%). This means that on 68 percent of the Mondays, the change in price of the Monero is expected to be in the range of -1.99% and 2.50%.

Allthough the Monero decreases in value with -0.35% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Monero on Tuesdays is 1.65%. This means that the expected change of the value of Monero is between -2.00% and 1.29% on 68 out of 100 Tuesdays.

Monero increased in value on an average Wednesday only slightly. The average increase in value of the Monero was 0.04%. 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 (2.85%). This means that on 68 percent of the Wednesdays, the change in price of the Monero is expected to be in the range of -2.81% and 2.89%.

Monero increased in value on an average Thursday only slightly. The average increase in value of the Monero was 0.06%. 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 (1.63%). This means that on 68 percent of the Thursdays, the change in price of the Monero is expected to be in the range of -1.57% and 1.69%.

Monero increased in value on an average Friday only slightly. The average increase in value of the Monero was 0.19%. 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 (1.27%). This means that on 68 percent of the Fridays, the change in price of the Monero is expected to be in the range of -1.08% and 1.47%.

On an average Saturday, the Monero increased 0.44%. However, since the expected deviation is 2.88%, the Monero will decline in value on a Saturday quiet regularly. The expected price change of the Monero on a Saturday is between -2.44% and 3.32%.

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 0.13% 1.42% -1.30% to 1.55%
Monday 0.25% 2.25% -1.99% to 2.50%
Tuesday -0.35% 1.65% -2.00% to 1.29%
Wednesday 0.04% 2.85% -2.81% to 2.89%
Thursday 0.06% 1.63% -1.57% to 1.69%
Friday 0.19% 1.27% -1.08% to 1.47%
Saturday 0.44% 2.88% -2.44% to 3.32%
 

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