ReddCoin (RDD)

Current price: $ 0.002651

24 hours price change: $ -0.000059 (-2.19%)

Daily analysis of ReddCoin (RDD) - 1 year

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 year, starting on June 18th, 2020 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 06/18/2020 and 06/18/2021.

According to the performance of ReddCoin between June 18th, 2020 and June 18th, 2021, ReddCoin performed the best on Thursdays. On average, the price of ReddCoin increased 3.11% on Thursday.

The weekday on which the ReddCoin performed the worst, is Wednesday. On Wednesdays, the ReddCoin declined in value on average by -0.99%.

ReddCoin weekday performance

On an average Sunday the ReddCoin shows an increase in value of 1.09%. However, the change of ReddCoin on most of the Sundays is between -10.88% and 13.06%. Therefore it is hard to tell whether an average Sunday is a good day to start buying ReddCoins.

On an average Monday, the ReddCoin increased 0.47%. However, since the expected deviation is 10.32%, the ReddCoin will decline in value on a Monday quiet regularly. The expected price change of the ReddCoin on a Monday is between -9.85% and 10.79%.

On Tuesdays, the ReddCoin decreases in value on average with -0.66%. On most of the Tuesdays the ReddCoin decreases in value between -8.66% and 7.34%. The uncertainty (8.00%) is higher than the average decline percentage (-0.66%). Therefore, expected range of price changes of the ReddCoin on Tuesdays is large.

On Wednesdays, the ReddCoin decreases in value on average with -0.99%. On most of the Wednesdays the ReddCoin decreases in value between -5.24% and 3.25%. The uncertainty (4.25%) is higher than the average decline percentage (-0.99%). Therefore, expected range of price changes of the ReddCoin on Wednesdays is large.

The increase in value of the ReddCoin is 3.11% 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 19.77%. This means that the expected range of value change for the ReddCoin is -16.66% and 22.88% on 68% of the Thursdays.

On an average Friday the ReddCoin shows an increase in value of 1.20%. However, the change of ReddCoin on most of the Fridays is between -6.13% and 8.53%. Therefore it is hard to tell whether an average Friday 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 Saturday. The average change on a Saturday for the ReddCoin is 0.00%. However, the standard deviation on this weekday is 5.70%. This means that on most Saturdays, the change in value of the ReddCoin is between -5.70% and 5.70%.

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 1.09% 11.97% -10.88% to 13.06%
Monday 0.47% 10.32% -9.85% to 10.79%
Tuesday -0.66% 8.00% -8.66% to 7.34%
Wednesday -0.99% 4.25% -5.24% to 3.25%
Thursday 3.11% 19.77% -16.66% to 22.88%
Friday 1.20% 7.33% -6.13% to 8.53%
Saturday 0.00% 5.70% -5.70% to 5.70%
 

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