Cardano (ADA)

Current price: $ 1.16

24 hours price change: $ -0.15 (-11.56%)

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 March 20th, 2021 to April 19th, 2021.

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 03/20/2021 and 04/19/2021.

According to the performance of Cardano between March 20th, 2021 and April 19th, 2021, Cardano performed the best on Fridays. On average, the price of Cardano increased 2.89% on Friday.

The weekday on which the Cardano performed the worst, is Saturday. On Saturdays, the Cardano declined in value on average by -0.73%.

Cardano weekday performance

Historical performance on Sunday do not show an increase in value of the Cardano on which a prediction can be made. The Cardano increased in value on average on an average Sunday with 0.61%. However, the uncertainty of this increase is high. The expected change in value of the Cardano on a Sunday is between -0.15% and 1.36% (see also the table below).

Cardano increased in value on an average Monday only slightly. The average increase in value of the Cardano was 0.17%. 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 (0.81%). This means that on 68 percent of the Mondays, the change in price of the Cardano is expected to be in the range of -0.64% and 0.98%.

On an average Tuesday the Cardano shows a high increase in value, namely 1.51%. The standard deviation is below the average increase percentage (standard deviation is 1.28%), meaning that on 68% of the Tuesdays the Cardano will increase with a percentage between 0.23% and 2.79%. This also means that, on average, on 16 percent of the Tuesdays, the Cardano will increase with a percentage above this range. On the other 16% of the Tuesdays, the Cardano will change with a percentage below the 0.23%.

Allthough the Cardano decreases in value with -0.43% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Cardano on Wednesdays is 0.42%. This means that the expected change of the value of Cardano is between -0.85% and -0.01% on 68 out of 100 Wednesdays.

On an average Thursday, the Cardano increased 0.40%. However, since the expected deviation is 1.24%, the Cardano will decline in value on a Thursday quiet regularly. The expected price change of the Cardano on a Thursday is between -0.84% and 1.64%.

On an average Friday the Cardano shows an increase in value of 2.89%. However, the change of Cardano on most of the Fridays is between -1.67% and 7.46%. Therefore it is hard to tell whether an average Friday is a good day to start buying Cardanos.

On Saturdays, the Cardano decreases in value on average with -0.73%. On most of the Saturdays the Cardano decreases in value between -2.57% and 1.11%. The uncertainty (1.84%) is higher than the average decline percentage (-0.73%). Therefore, expected range of price changes of the Cardano on Saturdays is large.

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.

Weekday Average change (%) Standard deviation (%) 68% range
Sunday 0.61% 0.75% -0.15% to 1.36%
Monday 0.17% 0.81% -0.64% to 0.98%
Tuesday 1.51% 1.28% 0.23% to 2.79%
Wednesday -0.43% 0.42% -0.85% to -0.01%
Thursday 0.40% 1.24% -0.84% to 1.64%
Friday 2.89% 4.57% -1.67% to 7.46%
Saturday -0.73% 1.84% -2.57% to 1.11%
 

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