Cardano (ADA)

Current price: $ 0.05

24 hours price change: $ 0.0048 (11.86%)

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 January 18th, 2019 to February 17th, 2019.

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 01/18/2019 and 02/17/2019.

According to the performance of Cardano between January 18th, 2019 and February 17th, 2019, Cardano performed the best on Wednesdays. On average, the price of Cardano increased 0.88% on Wednesday.

The weekday on which the Cardano performed the worst, is Tuesday. On Tuesdays, the Cardano declined in value on average by -0.65%.

Cardano weekday performance

It is hard to tell whether the Cardano will increase or decrease in value on an average Sunday. The average change on a Sunday for the Cardano is -0.05%. However, the standard deviation on this weekday is 1.64%. This means that on most Sundays, the change in value of the Cardano is between -1.69% and 1.59%.

On an average Monday, the Cardano increased 0.36%. However, since the expected deviation is 2.71%, the Cardano will decline in value on a Monday quiet regularly. The expected price change of the Cardano on a Monday is between -2.35% and 3.08%.

On Tuesdays, the Cardano decreases in value on average with -0.65%. On most of the Tuesdays the Cardano decreases in value between -1.58% and 0.29%. The uncertainty (0.93%) is higher than the average decline percentage (-0.65%). Therefore, expected range of price changes of the Cardano on Tuesdays is large.

Historical performance on Wednesday 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 Wednesday with 0.88%. However, the uncertainty of this increase is high. The expected change in value of the Cardano on a Wednesday is between -0.45% and 2.21% (see also the table below).

On an average Thursday, the Cardano increased 0.35%. However, since the expected deviation is 1.84%, the Cardano will decline in value on a Thursday quiet regularly. The expected price change of the Cardano on a Thursday is between -1.49% and 2.19%.

It is hard to tell whether the Cardano will increase or decrease in value on an average Friday. The average change on a Friday for the Cardano is -0.26%. However, the standard deviation on this weekday is 0.96%. This means that on most Fridays, the change in value of the Cardano is between -1.22% and 0.70%.

It is hard to tell whether the Cardano will increase or decrease in value on an average Saturday. The average change on a Saturday for the Cardano is -0.08%. However, the standard deviation on this weekday is 0.59%. This means that on most Saturdays, the change in value of the Cardano is between -0.66% and 0.51%.

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
Sunday-0.05%1.64%-1.69% to 1.59%
Monday0.36%2.71%-2.35% to 3.08%
Tuesday-0.65%0.93%-1.58% to 0.29%
Wednesday0.88%1.33%-0.45% to 2.21%
Thursday0.35%1.84%-1.49% to 2.19%
Friday-0.26%0.96%-1.22% to 0.70%
Saturday-0.08%0.59%-0.66% to 0.51%