Ravencoin (RVN)

Current price: $ 0.03

24 hours price change: $ 0.000447 (1.60%)

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 February 5th, 2024 to March 5th, 2024.

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 02/05/2024 and 03/05/2024.

According to the performance of Ravencoin between February 5th, 2024 and March 5th, 2024, Ravencoin performed the best on Fridays. On average, the price of Ravencoin increased 0.62% on Friday.

The weekday on which the Ravencoin performed the worst, is Thursday. On Thursdays, the Ravencoin declined in value on average by -0.95%.

Ravencoin weekday performance

It is hard to tell whether the Ravencoin will increase or decrease in value on an average Sunday. The average change on a Sunday for the Ravencoin is -0.04%. However, the standard deviation on this weekday is 0.28%. This means that on most Sundays, the change in value of the Ravencoin is between -0.32% and 0.24%.

On an average Monday, the Ravencoin increased 0.49%. However, since the expected deviation is 0.92%, the Ravencoin will decline in value on a Monday quiet regularly. The expected price change of the Ravencoin on a Monday is between -0.43% and 1.40%.

Allthough the Ravencoin decreases in value with -0.32% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Ravencoin on Tuesdays is 1.14%. This means that the expected change of the value of Ravencoin is between -1.46% and 0.83% on 68 out of 100 Tuesdays.

On an average Wednesday, the Ravencoin increased 0.47%. However, since the expected deviation is 0.88%, the Ravencoin will decline in value on a Wednesday quiet regularly. The expected price change of the Ravencoin on a Wednesday is between -0.41% and 1.35%.

On Thursdays, the Ravencoin decreases in value on average with -0.95%. On most of the Thursdays the Ravencoin decreases in value between -2.33% and 0.42%. The uncertainty (1.37%) is higher than the average decline percentage (-0.95%). Therefore, expected range of price changes of the Ravencoin on Thursdays is large.

Historical performance on Friday 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 Friday with 0.62%. However, the uncertainty of this increase is high. The expected change in value of the Ravencoin on a Friday is between -0.24% and 1.48% (see also the table below).

It is hard to tell whether the Ravencoin will increase or decrease in value on an average Saturday. The average change on a Saturday for the Ravencoin is -0.17%. However, the standard deviation on this weekday is 0.26%. This means that on most Saturdays, the change in value of the Ravencoin is between -0.43% and 0.08%.

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 -0.04% 0.28% -0.32% to 0.24%
Monday 0.49% 0.92% -0.43% to 1.40%
Tuesday -0.32% 1.14% -1.46% to 0.83%
Wednesday 0.47% 0.88% -0.41% to 1.35%
Thursday -0.95% 1.37% -2.33% to 0.42%
Friday 0.62% 0.86% -0.24% to 1.48%
Saturday -0.17% 0.26% -0.43% to 0.08%
 

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