Polkadot (DOT)

Current price: $ 25.21

24 hours price change: $ -0.47 (-1.83%)

Daily analysis of Polkadot (DOT) - 6 months

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 6 months, starting on July 18th, 2021 to January 18th, 2022.

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

Average daily change in price of Polkadot per weekday between 07/18/2021 and 01/18/2022.

According to the performance of Polkadot between July 18th, 2021 and January 18th, 2022, Polkadot performed the best on Fridays. On average, the price of Polkadot increased 1.94% on Friday.

The weekday on which the Polkadot performed the worst, is Tuesday. On Tuesdays, the Polkadot declined in value on average by -0.34%.

Polkadot weekday performance

Polkadot increased in value on an average Sunday only slightly. The average increase in value of the Polkadot was 0.12%. 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 (2.47%). This means that on 68 percent of the Sundays, the change in price of the Polkadot is expected to be in the range of -2.35% and 2.59%.

It is hard to tell whether the Polkadot will increase or decrease in value on an average Monday. The average change on a Monday for the Polkadot is -0.09%. However, the standard deviation on this weekday is 2.69%. This means that on most Mondays, the change in value of the Polkadot is between -2.78% and 2.61%.

Allthough the Polkadot decreases in value with -0.34% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Polkadot on Tuesdays is 4.93%. This means that the expected change of the value of Polkadot is between -5.26% and 4.59% on 68 out of 100 Tuesdays.

On an average Wednesday the Polkadot shows an increase in value of 1.76%. However, the change of Polkadot on most of the Wednesdays is between -1.52% and 5.04%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Polkadots.

Polkadot increased in value on an average Thursday only slightly. The average increase in value of the Polkadot was 0.11%. 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 (3.84%). This means that on 68 percent of the Thursdays, the change in price of the Polkadot is expected to be in the range of -3.73% and 3.95%.

On an average Friday the Polkadot shows an increase in value of 1.94%. However, the change of Polkadot on most of the Fridays is between -1.59% and 5.47%. Therefore it is hard to tell whether an average Friday is a good day to start buying Polkadots.

On an average Saturday, the Polkadot increased 0.36%. However, since the expected deviation is 2.03%, the Polkadot will decline in value on a Saturday quiet regularly. The expected price change of the Polkadot on a Saturday is between -1.67% and 2.39%.

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 0.12% 2.47% -2.35% to 2.59%
Monday -0.09% 2.69% -2.78% to 2.61%
Tuesday -0.34% 4.93% -5.26% to 4.59%
Wednesday 1.76% 3.28% -1.52% to 5.04%
Thursday 0.11% 3.84% -3.73% to 3.95%
Friday 1.94% 3.53% -1.59% to 5.47%
Saturday 0.36% 2.03% -1.67% to 2.39%
 

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