ReddCoin (RDD)

Current price: $ 0.003786

24 hours price change: $ -0.000543 (-12.54%)

Daily analysis of ReddCoin (RDD) - 1 month

The performance of ReddCoin regarding the price differs every day. To make the best decision to buy ReddCoin, we are analysis in this article the performance of ReddCoin on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on February 6th, 2021 to March 6th, 2021.

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

Average daily change in price of ReddCoin per weekday between 02/06/2021 and 03/06/2021.

According to the performance of ReddCoin between February 6th, 2021 and March 6th, 2021, ReddCoin performed the best on Thursdays. On average, the price of ReddCoin increased 3.40% on Thursday.

The weekday on which the ReddCoin performed the worst, is Monday. On Mondays, the ReddCoin declined in value on average by -10.06%.

ReddCoin weekday performance

The decrease in value of the ReddCoin is -3.87% on an average Sunday. The uncertainty of the average change is high for the ReddCoin on Sundays. This means that it is hard to tell whether the ReddCoin will decrease or increase in value on an average Sunday. If we look at the 68% range of the ReddCoin, we see that on 68% of the Sundays, the expected change of the ReddCoin is between -12.36% and 4.63%.

The decrease in value of the ReddCoin is -10.06% on an average Monday. The uncertainty of the average change is high for the ReddCoin on Mondays. This means that it is hard to tell whether the ReddCoin will decrease or increase in value on an average Monday. If we look at the 68% range of the ReddCoin, we see that on 68% of the Mondays, the expected change of the ReddCoin is between -15.51% and -4.60%.

The decrease in value of the ReddCoin is -7.74% on an average Tuesday. The uncertainty of the average change is high for the ReddCoin on Tuesdays. This means that it is hard to tell whether the ReddCoin will decrease or increase in value on an average Tuesday. If we look at the 68% range of the ReddCoin, we see that on 68% of the Tuesdays, the expected change of the ReddCoin is between -17.12% and 1.64%.

On an average Wednesday the ReddCoin shows an increase in value of 1.92%. However, the change of ReddCoin on most of the Wednesdays is between -4.69% and 8.53%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying ReddCoins.

The increase in value of the ReddCoin is 3.40% on an average Thursday. However, the uncertainty on the average change is high for the ReddCoin on Thursdays. This is the reason why an expected increase of the ReddCoin on an average Thursday cannot be predicted. The standard deviation for ReddCoin on Thursdays is high, namely 5.45%. This means that the expected range of value change for the ReddCoin is -2.05% and 8.85% on 68% of the Thursdays.

On Fridays, the ReddCoin decreases in value on average with -0.92%. On most of the Fridays the ReddCoin decreases in value between -2.45% and 0.62%. The uncertainty (1.54%) is higher than the average decline percentage (-0.92%). Therefore, expected range of price changes of the ReddCoin on Fridays is large.

Historical performance on Saturday do not show an increase in value of the ReddCoin on which a prediction can be made. The ReddCoin increased in value on average on an average Saturday with 0.66%. However, the uncertainty of this increase is high. The expected change in value of the ReddCoin on a Saturday is between -7.81% and 9.13% (see also the table below).

ReddCoin weekday performance details

Find below the details of the performance of ReddCoin 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 -3.87% 8.50% -12.36% to 4.63%
Monday -10.06% 5.46% -15.51% to -4.60%
Tuesday -7.74% 9.38% -17.12% to 1.64%
Wednesday 1.92% 6.61% -4.69% to 8.53%
Thursday 3.40% 5.45% -2.05% to 8.85%
Friday -0.92% 1.54% -2.45% to 0.62%
Saturday 0.66% 8.47% -7.81% to 9.13%
 

We use cookies on our website. Some of them are essential for the operation of the site, while others help us to improve this site and the user experience (tracking cookies). You can decide for yourself whether you want to allow cookies or not. Please note that if you reject them, you may not be able to use all the functionalities of the site.