The performance of Polkadot regarding the price differs every day. To make the best decision to buy Polkadot, we are analysis in this article the performance of Polkadot on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last years, starting on August 18th, 2020 to August 19th, 2022.
In the barchart below, the weekdays and average performance of Polkadot are shown side by side.
According to the performance of Polkadot between August 18th, 2020 and August 19th, 2022, Polkadot performed the best on Wednesdays. On average, the price of Polkadot increased 1.03% on Wednesday.
The weekday on which the Polkadot performed the worst, is Sunday. On Sundays, the Polkadot rose in value on average by 0.01%. The price still increased on Sundays, allthough it was the smallest increase of all days on average.
Polkadot weekday performance
Polkadot increased in value on an average Sunday only slightly. The average increase in value of the Polkadot was 0.01%. Allthough the Polkadot closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (3.90%). This means that on 68 percent of the Sundays, the change in price of the Polkadot is expected to be in the range of -3.89% and 3.90%.
On an average Monday, the Polkadot increased 0.46%. However, since the expected deviation is 6.79%, the Polkadot will decline in value on a Monday quiet regularly. The expected price change of the Polkadot on a Monday is between -6.33% and 7.25%.
On an average Tuesday, the Polkadot increased 0.60%. However, since the expected deviation is 6.72%, the Polkadot will decline in value on a Tuesday quiet regularly. The expected price change of the Polkadot on a Tuesday is between -6.13% and 7.32%.
On an average Wednesday the Polkadot shows an increase in value of 1.03%. However, the change of Polkadot on most of the Wednesdays is between -6.03% and 8.08%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Polkadots.
On an average Thursday, the Polkadot increased 0.48%. However, since the expected deviation is 6.05%, the Polkadot will decline in value on a Thursday quiet regularly. The expected price change of the Polkadot on a Thursday is between -5.57% and 6.53%.
On an average Friday, the Polkadot increased 0.32%. However, since the expected deviation is 5.43%, the Polkadot will decline in value on a Friday quiet regularly. The expected price change of the Polkadot on a Friday is between -5.10% and 5.75%.
Historical performance on Saturday do not show an increase in value of the Polkadot on which a prediction can be made. The Polkadot increased in value on average on an average Saturday with 0.88%. However, the uncertainty of this increase is high. The expected change in value of the Polkadot on a Saturday is between -6.92% and 8.68% (see also the table below).
Polkadot weekday performance details
Find below the details of the performance of Polkadot 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||0.01%||3.90%||-3.89% to 3.90%|
|Monday||0.46%||6.79%||-6.33% to 7.25%|
|Tuesday||0.60%||6.72%||-6.13% to 7.32%|
|Wednesday||1.03%||7.06%||-6.03% to 8.08%|
|Thursday||0.48%||6.05%||-5.57% to 6.53%|
|Friday||0.32%||5.43%||-5.10% to 5.75%|
|Saturday||0.88%||7.80%||-6.92% to 8.68%|