ReddCoin (RDD)

Current price: $ 0.002242

24 hours price change: $ -0.000468 (-17.28%)

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 May 18th, 2021 to June 18th, 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 05/18/2021 and 06/18/2021.

According to the performance of ReddCoin between May 18th, 2021 and June 18th, 2021, ReddCoin performed the best on Sundays. On average, the price of ReddCoin increased 13.69% on Sunday.

The weekday on which the ReddCoin performed the worst, is Monday. On Mondays, the ReddCoin declined in value on average by -3.88%.

ReddCoin weekday performance

The increase in value of the ReddCoin is 13.69% on an average Sunday. However, the uncertainty on the average change is high for the ReddCoin on Sundays. This is the reason why an expected increase of the ReddCoin on an average Sunday cannot be predicted. The standard deviation for ReddCoin on Sundays is high, namely 28.79%. This means that the expected range of value change for the ReddCoin is -15.11% and 42.48% on 68% of the Sundays.

The decrease in value of the ReddCoin is -3.88% 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 -20.50% and 12.75%.

The ReddCoin declines in value on an average Tuesday with -1.64%. However, the uncertainty (or standard deviation) is quite large, namely 3.06%. This means that it is not possible to say whether on a regular Tuesday the ReddCoin will increase or decrease in value.

The ReddCoin declines in value on an average Wednesday with -1.70%. However, the uncertainty (or standard deviation) is quite large, namely 2.72%. This means that it is not possible to say whether on a regular Wednesday the ReddCoin will increase or decrease in value.

On an average Thursday the ReddCoin shows an increase in value of 2.25%. However, the change of ReddCoin on most of the Thursdays is between -1.18% and 5.69%. Therefore it is hard to tell whether an average Thursday is a good day to start buying ReddCoins.

It is hard to tell whether the ReddCoin will increase or decrease in value on an average Friday. The average change on a Friday for the ReddCoin is -0.24%. However, the standard deviation on this weekday is 5.38%. This means that on most Fridays, the change in value of the ReddCoin is between -5.62% and 5.13%.

The ReddCoin declines in value on an average Saturday with -1.94%. However, the uncertainty (or standard deviation) is quite large, namely 3.24%. This means that it is not possible to say whether on a regular Saturday the ReddCoin will increase or decrease in value.

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 13.69% 28.79% -15.11% to 42.48%
Monday -3.88% 16.63% -20.50% to 12.75%
Tuesday -1.64% 3.06% -4.70% to 1.42%
Wednesday -1.70% 2.72% -4.42% to 1.03%
Thursday 2.25% 3.44% -1.18% to 5.69%
Friday -0.24% 5.38% -5.62% to 5.13%
Saturday -1.94% 3.24% -5.19% to 1.30%
 

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