Velas (VLX)

Current price: $ 0.01

24 hours price change: $ -0.000571 (-5.32%)

Daily analysis of Velas (VLX) - 6 months

The performance of Velas regarding the price differs every day. To make the best decision to buy Velas, we are analysis in this article the performance of Velas on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 6 months, starting on December 17th, 2023 to June 17th, 2024.

In the barchart below, the weekdays and average performance of Velas are shown side by side.

Average daily change in price of Velas per weekday between 12/17/2023 and 06/17/2024.

According to the performance of Velas between December 17th, 2023 and June 17th, 2024, Velas performed the best on Sundays. On average, the price of Velas increased 2.48% on Sunday.

The weekday on which the Velas performed the worst, is Friday. On Fridays, the Velas declined in value on average by -0.90%.

Velas weekday performance

On an average Sunday the Velas shows an increase in value of 2.48%. However, the change of Velas on most of the Sundays is between -6.21% and 11.17%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Velass.

Allthough the Velas decreases in value with -0.37% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Velas on Mondays is 2.44%. This means that the expected change of the value of Velas is between -2.81% and 2.08% on 68 out of 100 Mondays.

Allthough the Velas decreases in value with -0.56% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Velas on Tuesdays is 2.89%. This means that the expected change of the value of Velas is between -3.45% and 2.34% on 68 out of 100 Tuesdays.

It is hard to tell whether the Velas will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Velas is -0.15%. However, the standard deviation on this weekday is 2.41%. This means that on most Wednesdays, the change in value of the Velas is between -2.56% and 2.26%.

On an average Thursday the Velas shows an increase in value of 1.20%. However, the change of Velas on most of the Thursdays is between -5.09% and 7.49%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Velass.

On Fridays, the Velas decreases in value on average with -0.90%. On most of the Fridays the Velas decreases in value between -3.78% and 1.99%. The uncertainty (2.89%) is higher than the average decline percentage (-0.90%). Therefore, expected range of price changes of the Velas on Fridays is large.

Velas increased in value on an average Saturday only slightly. The average increase in value of the Velas was 0.14%. Allthough the Velas closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (2.78%). This means that on 68 percent of the Saturdays, the change in price of the Velas is expected to be in the range of -2.64% and 2.92%.

Velas weekday performance details

Find below the details of the performance of Velas 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 2.48% 8.69% -6.21% to 11.17%
Monday -0.37% 2.44% -2.81% to 2.08%
Tuesday -0.56% 2.89% -3.45% to 2.34%
Wednesday -0.15% 2.41% -2.56% to 2.26%
Thursday 1.20% 6.29% -5.09% to 7.49%
Friday -0.90% 2.89% -3.78% to 1.99%
Saturday 0.14% 2.78% -2.64% to 2.92%
 

About Us

: Financial indicators for cryptocurrencies