ReddCoin (RDD)

Current price: $ 0.000323

24 hours price change: $ -0.000004 (-1.22%)

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 October 3rd, 2021 to October 3rd, 2022.

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 10/03/2021 and 10/03/2022.

According to the performance of ReddCoin between October 3rd, 2021 and October 3rd, 2022, ReddCoin performed the best on Fridays. On average, the price of ReddCoin increased 3.03% on Friday.

The weekday on which the ReddCoin performed the worst, is Sunday. On Sundays, the ReddCoin rose in value on average by 0.09%. The price still increased on Sundays, allthough it was the smallest increase of all days on average.

ReddCoin weekday performance

ReddCoin increased in value on an average Sunday only slightly. The average increase in value of the ReddCoin was 0.09%. Allthough the ReddCoin closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (5.68%). This means that on 68 percent of the Sundays, the change in price of the ReddCoin is expected to be in the range of -5.60% and 5.77%.

On an average Monday the ReddCoin shows an increase in value of 1.76%. However, the change of ReddCoin on most of the Mondays is between -13.71% and 17.24%. Therefore it is hard to tell whether an average Monday is a good day to start buying ReddCoins.

On an average Tuesday the ReddCoin shows an increase in value of 1.17%. However, the change of ReddCoin on most of the Tuesdays is between -5.31% and 7.64%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying ReddCoins.

On an average Wednesday the ReddCoin shows an increase in value of 1.70%. However, the change of ReddCoin on most of the Wednesdays is between -4.63% and 8.03%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying ReddCoins.

On an average Thursday the ReddCoin shows an increase in value of 1.52%. However, the change of ReddCoin on most of the Thursdays is between -13.84% and 16.87%. Therefore it is hard to tell whether an average Thursday is a good day to start buying ReddCoins.

The increase in value of the ReddCoin is 3.03% on an average Friday. However, the uncertainty on the average change is high for the ReddCoin on Fridays. This is the reason why an expected increase of the ReddCoin on an average Friday cannot be predicted. The standard deviation for ReddCoin on Fridays is high, namely 12.49%. This means that the expected range of value change for the ReddCoin is -9.46% and 15.52% on 68% of the Fridays.

On an average Saturday the ReddCoin shows an increase in value of 2.46%. However, the change of ReddCoin on most of the Saturdays is between -6.97% and 11.89%. Therefore it is hard to tell whether an average Saturday is a good day to start buying ReddCoins.

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 0.09% 5.68% -5.60% to 5.77%
Monday 1.76% 15.47% -13.71% to 17.24%
Tuesday 1.17% 6.47% -5.31% to 7.64%
Wednesday 1.70% 6.33% -4.63% to 8.03%
Thursday 1.52% 15.35% -13.84% to 16.87%
Friday 3.03% 12.49% -9.46% to 15.52%
Saturday 2.46% 9.43% -6.97% to 11.89%
 

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