ReddCoin (RDD)

Current price: $ 0.006615

24 hours price change: $ -0.001662 (-20.08%)

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 November 11th, 2020 to May 11th, 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 11/11/2020 and 05/11/2021.

According to the performance of ReddCoin between November 11th, 2020 and May 11th, 2021, ReddCoin performed the best on Thursdays. On average, the price of ReddCoin increased 6.49% on Thursday.

The weekday on which the ReddCoin performed the worst, is Wednesday. On Wednesdays, the ReddCoin declined in value on average by -1.17%.

ReddCoin weekday performance

ReddCoin increased in value on an average Sunday only slightly. The average increase in value of the ReddCoin was 0.23%. 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 (10.14%). This means that on 68 percent of the Sundays, the change in price of the ReddCoin is expected to be in the range of -9.91% and 10.37%.

On an average Monday the ReddCoin shows an increase in value of 2.53%. However, the change of ReddCoin on most of the Mondays is between -9.64% and 14.71%. Therefore it is hard to tell whether an average Monday is a good day to start buying ReddCoins.

Allthough the ReddCoin decreases in value with -0.60% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of ReddCoin on Tuesdays is 10.22%. This means that the expected change of the value of ReddCoin is between -10.82% and 9.62% on 68 out of 100 Tuesdays.

The ReddCoin declines in value on an average Wednesday with -1.17%. However, the uncertainty (or standard deviation) is quite large, namely 5.34%. This means that it is not possible to say whether on a regular Wednesday the ReddCoin will increase or decrease in value.

The increase in value of the ReddCoin is 6.49% 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 27.67%. This means that the expected range of value change for the ReddCoin is -21.18% and 34.16% on 68% of the Thursdays.

On an average Friday the ReddCoin shows an increase in value of 2.94%. However, the change of ReddCoin on most of the Fridays is between -6.41% and 12.30%. Therefore it is hard to tell whether an average Friday is a good day to start buying ReddCoins.

Historical performance on Saturday 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 Saturday with 0.61%. However, the uncertainty of this increase is high. The expected change in value of the ReddCoin on a Saturday is between -7.15% and 8.36% (see also the table below).

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 0.23% 10.14% -9.91% to 10.37%
Monday 2.53% 12.18% -9.64% to 14.71%
Tuesday -0.60% 10.22% -10.82% to 9.62%
Wednesday -1.17% 5.34% -6.51% to 4.17%
Thursday 6.49% 27.67% -21.18% to 34.16%
Friday 2.94% 9.35% -6.41% to 12.30%
Saturday 0.61% 7.75% -7.15% to 8.36%
 

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