ReddCoin (RDD)

Current price: $ 0.001991

24 hours price change: $ -0.000417 (-17.31%)

Daily analysis of ReddCoin (RDD) - 6 months

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 6 months, starting on January 29th, 2021 to July 29th, 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 01/29/2021 and 07/29/2021.

According to the performance of ReddCoin between January 29th, 2021 and July 29th, 2021, ReddCoin performed the best on Tuesdays. On average, the price of ReddCoin increased 1.73% on Tuesday.

The weekday on which the ReddCoin performed the worst, is Monday. On Mondays, the ReddCoin declined in value on average by -1.03%.

ReddCoin weekday performance

On an average Sunday the ReddCoin shows an increase in value of 1.42%. However, the change of ReddCoin on most of the Sundays is between -12.23% and 15.06%. Therefore it is hard to tell whether an average Sunday is a good day to start buying ReddCoins.

The ReddCoin declines in value on an average Monday with -1.03%. However, the uncertainty (or standard deviation) is quite large, namely 10.01%. This means that it is not possible to say whether on a regular Monday the ReddCoin will increase or decrease in value.

On an average Tuesday the ReddCoin shows an increase in value of 1.73%. However, the change of ReddCoin on most of the Tuesdays is between -8.97% and 12.43%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying ReddCoins.

On Wednesdays, the ReddCoin decreases in value on average with -0.65%. On most of the Wednesdays the ReddCoin decreases in value between -5.94% and 4.64%. The uncertainty (5.29%) is higher than the average decline percentage (-0.65%). Therefore, expected range of price changes of the ReddCoin on Wednesdays is large.

Allthough the ReddCoin decreases in value with -0.39% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of ReddCoin on Thursdays is 5.52%. This means that the expected change of the value of ReddCoin is between -5.92% and 5.13% on 68 out of 100 Thursdays.

Historical performance on Friday 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 Friday with 0.96%. However, the uncertainty of this increase is high. The expected change in value of the ReddCoin on a Friday is between -4.83% and 6.75% (see also the table below).

On Saturdays, the ReddCoin decreases in value on average with -0.74%. On most of the Saturdays the ReddCoin decreases in value between -6.92% and 5.45%. The uncertainty (6.19%) is higher than the average decline percentage (-0.74%). Therefore, expected range of price changes of the ReddCoin on Saturdays is large.

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 1.42% 13.65% -12.23% to 15.06%
Monday -1.03% 10.01% -11.04% to 8.98%
Tuesday 1.73% 10.70% -8.97% to 12.43%
Wednesday -0.65% 5.29% -5.94% to 4.64%
Thursday -0.39% 5.52% -5.92% to 5.13%
Friday 0.96% 5.79% -4.83% to 6.75%
Saturday -0.74% 6.19% -6.92% to 5.45%
 

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