Cardano (ADA)

Current price: $ 0.03

24 hours price change: $ 0.0009 (2.74%)

Daily analysis of Cardano (ADA) - 1 month

The performance of Cardano regarding the price differs every day. To make the best decision to buy Cardano, we are analysis in this article the performance of Cardano on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on November 18th, 2018 to December 17th, 2018.

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

Average daily change in price of Cardano per weekday between 11/18/2018 and 12/17/2018.

According to the performance of Cardano between November 18th, 2018 and December 17th, 2018, Cardano performed the best on Saturdays. On average, the price of Cardano increased 1.47% on Saturday.

The weekday on which the Cardano performed the worst, is Thursday. On Thursdays, the Cardano declined in value on average by -0.85%.

Cardano weekday performance

Cardano increased in value on an average Sunday only slightly. The average increase in value of the Cardano was 0.28%. Allthough the Cardano closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (2.11%). This means that on 68 percent of the Sundays, the change in price of the Cardano is expected to be in the range of -1.83% and 2.39%.

On an average Monday, the Cardano increased 0.43%. However, since the expected deviation is 2.89%, the Cardano will decline in value on a Monday quiet regularly. The expected price change of the Cardano on a Monday is between -2.47% and 3.32%.

On Tuesdays, the Cardano decreases in value on average with -0.68%. On most of the Tuesdays the Cardano decreases in value between -2.39% and 1.04%. The uncertainty (1.72%) is higher than the average decline percentage (-0.68%). Therefore, expected range of price changes of the Cardano on Tuesdays is large.

It is hard to tell whether the Cardano will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Cardano is -0.08%. However, the standard deviation on this weekday is 0.74%. This means that on most Wednesdays, the change in value of the Cardano is between -0.81% and 0.66%.

On Thursdays, the Cardano decreases in value on average with -0.85%. On most of the Thursdays the Cardano decreases in value between -3.45% and 1.75%. The uncertainty (2.60%) is higher than the average decline percentage (-0.85%). Therefore, expected range of price changes of the Cardano on Thursdays is large.

On an average Friday the Cardano shows an increase in value of 1.26%. However, the change of Cardano on most of the Fridays is between -2.43% and 4.94%. Therefore it is hard to tell whether an average Friday is a good day to start buying Cardanos.

On an average Saturday the Cardano shows an increase in value of 1.47%. However, the change of Cardano on most of the Saturdays is between -0.40% and 3.34%. Therefore it is hard to tell whether an average Saturday is a good day to start buying Cardanos.

Cardano weekday performance details

Find below the details of the performance of Cardano 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.

WeekdayAverage change (%)Standard deviation (%)68% range
Sunday0.28%2.11%-1.83% to 2.39%
Monday0.43%2.89%-2.47% to 3.32%
Tuesday-0.68%1.72%-2.39% to 1.04%
Wednesday-0.08%0.74%-0.81% to 0.66%
Thursday-0.85%2.60%-3.45% to 1.75%
Friday1.26%3.68%-2.43% to 4.94%
Saturday1.47%1.87%-0.40% to 3.34%