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 April 1st, 2022 to October 1st, 2022.
In the barchart below, the weekdays and average performance of ReddCoin are shown side by side.
According to the performance of ReddCoin between April 1st, 2022 and October 1st, 2022, ReddCoin performed the best on Saturdays. On average, the price of ReddCoin increased 2.53% on Saturday.
The weekday on which the ReddCoin performed the worst, is Monday. On Mondays, the ReddCoin declined in value on average by -0.15%.
ReddCoin weekday performance
Historical performance on Sunday 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 Sunday with 0.89%. However, the uncertainty of this increase is high. The expected change in value of the ReddCoin on a Sunday is between -2.76% and 4.54% (see also the table below).
It is hard to tell whether the ReddCoin will increase or decrease in value on an average Monday. The average change on a Monday for the ReddCoin is -0.15%. However, the standard deviation on this weekday is 0.54%. This means that on most Mondays, the change in value of the ReddCoin is between -0.69% and 0.38%.
ReddCoin increased in value on an average Tuesday only slightly. The average increase in value of the ReddCoin was 0.21%. 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 (4.27%). This means that on 68 percent of the Tuesdays, the change in price of the ReddCoin is expected to be in the range of -4.06% and 4.48%.
On an average Wednesday, the ReddCoin increased 0.56%. However, since the expected deviation is 3.65%, the ReddCoin will decline in value on a Wednesday quiet regularly. The expected price change of the ReddCoin on a Wednesday is between -3.09% and 4.22%.
It is hard to tell whether the ReddCoin will increase or decrease in value on an average Thursday. The average change on a Thursday for the ReddCoin is -0.05%. However, the standard deviation on this weekday is 5.71%. This means that on most Thursdays, the change in value of the ReddCoin is between -5.76% and 5.66%.
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 -0.11%. However, the standard deviation on this weekday is 4.67%. This means that on most Fridays, the change in value of the ReddCoin is between -4.79% and 4.56%.
On an average Saturday the ReddCoin shows an increase in value of 2.53%. However, the change of ReddCoin on most of the Saturdays is between -8.11% and 13.17%. 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||0.89%||3.65%||-2.76% to 4.54%|
|Monday||-0.15%||0.54%||-0.69% to 0.38%|
|Tuesday||0.21%||4.27%||-4.06% to 4.48%|
|Wednesday||0.56%||3.65%||-3.09% to 4.22%|
|Thursday||-0.05%||5.71%||-5.76% to 5.66%|
|Friday||-0.11%||4.67%||-4.79% to 4.56%|
|Saturday||2.53%||10.64%||-8.11% to 13.17%|