Ravencoin (RVN)

Current price: $ 0.07

24 hours price change: $ -0.004010 (-5.48%)

Daily analysis of Ravencoin (RVN) - 1 month

The performance of Ravencoin regarding the price differs every day. To make the best decision to buy Ravencoin, we are analysis in this article the performance of Ravencoin on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on May 18th, 2021 to June 18th, 2021.

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

Average daily change in price of Ravencoin per weekday between 05/18/2021 and 06/18/2021.

According to the performance of Ravencoin between May 18th, 2021 and June 18th, 2021, Ravencoin performed the best on Wednesdays. On average, the price of Ravencoin increased 3.35% on Wednesday.

The weekday on which the Ravencoin performed the worst, is Friday. On Fridays, the Ravencoin declined in value on average by -2.92%.

Ravencoin weekday performance

Historical performance on Sunday do not show an increase in value of the Ravencoin on which a prediction can be made. The Ravencoin increased in value on average on an average Sunday with 0.63%. However, the uncertainty of this increase is high. The expected change in value of the Ravencoin on a Sunday is between -0.61% and 1.86% (see also the table below).

On an average Monday the Ravencoin shows an increase in value of 1.79%. However, the change of Ravencoin on most of the Mondays is between -1.15% and 4.73%. Therefore it is hard to tell whether an average Monday is a good day to start buying Ravencoins.

It is hard to tell whether the Ravencoin will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Ravencoin is -0.07%. However, the standard deviation on this weekday is 0.12%. This means that on most Tuesdays, the change in value of the Ravencoin is between -0.19% and 0.05%.

The increase in value of the Ravencoin is 3.35% on an average Wednesday. However, the uncertainty on the average change is high for the Ravencoin on Wednesdays. This is the reason why an expected increase of the Ravencoin on an average Wednesday cannot be predicted. The standard deviation for Ravencoin on Wednesdays is high, namely 6.59%. This means that the expected range of value change for the Ravencoin is -3.24% and 9.94% on 68% of the Wednesdays.

The Ravencoin declines in value on an average Thursday with -1.29%. However, the uncertainty (or standard deviation) is quite large, namely 2.88%. This means that it is not possible to say whether on a regular Thursday the Ravencoin will increase or decrease in value.

The Ravencoin declines in value on an average Friday with -2.92%. However, the uncertainty (or standard deviation) is quite large, namely 5.76%. This means that it is not possible to say whether on a regular Friday the Ravencoin will increase or decrease in value.

The Ravencoin declines in value on an average Saturday with -1.30%. However, the uncertainty (or standard deviation) is quite large, namely 2.49%. This means that it is not possible to say whether on a regular Saturday the Ravencoin will increase or decrease in value.

Ravencoin weekday performance details

Find below the details of the performance of Ravencoin 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 0.63% 1.24% -0.61% to 1.86%
Monday 1.79% 2.94% -1.15% to 4.73%
Tuesday -0.07% 0.12% -0.19% to 0.05%
Wednesday 3.35% 6.59% -3.24% to 9.94%
Thursday -1.29% 2.88% -4.16% to 1.59%
Friday -2.92% 5.76% -8.68% to 2.84%
Saturday -1.30% 2.49% -3.79% to 1.19%
 

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