Cardano (ADA)

Current price: $ 0.04

24 hours price change: $ 0.0038 (11.82%)

Daily analysis of Cardano (ADA) - 1 year

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 year, starting on December 19th, 2017 to December 18th, 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 12/19/2017 and 12/18/2018.

According to the performance of Cardano between December 19th, 2017 and December 18th, 2018, Cardano performed the best on Tuesdays. On average, the price of Cardano increased 0.62% on Tuesday.

The weekday on which the Cardano performed the worst, is Thursday. On Thursdays, the Cardano declined in value on average by -0.60%.

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 -0.04%. However, the standard deviation on this weekday is 2.00%. This means that on most Sundays, the change in value of the Cardano is between -2.04% and 1.95%.

Cardano increased in value on an average Monday only slightly. The average increase in value of the Cardano was 0.11%. 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 (2.02%). This means that on 68 percent of the Mondays, the change in price of the Cardano is expected to be in the range of -1.91% and 2.13%.

Historical performance on Tuesday 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 Tuesday with 0.62%. However, the uncertainty of this increase is high. The expected change in value of the Cardano on a Tuesday is between -5.80% and 7.05% (see also the table below).

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 -0.06%. However, the standard deviation on this weekday is 2.44%. This means that on most Wednesdays, the change in value of the Cardano is between -2.50% and 2.38%.

On Thursdays, the Cardano decreases in value on average with -0.60%. On most of the Thursdays the Cardano decreases in value between -3.19% and 1.99%. The uncertainty (2.59%) is higher than the average decline percentage (-0.60%). Therefore, expected range of price changes of the Cardano on Thursdays is large.

On an average Friday, the Cardano increased 0.37%. However, since the expected deviation is 3.81%, the Cardano will decline in value on a Friday quiet regularly. The expected price change of the Cardano on a Friday is between -3.43% and 4.18%.

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 -0.11%. However, the standard deviation on this weekday is 3.35%. This means that on most Saturdays, the change in value of the Cardano is between -3.46% and 3.24%.

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-0.04%2.00%-2.04% to 1.95%
Monday0.11%2.02%-1.91% to 2.13%
Tuesday0.62%6.42%-5.80% to 7.05%
Wednesday-0.06%2.44%-2.50% to 2.38%
Thursday-0.60%2.59%-3.19% to 1.99%
Friday0.37%3.81%-3.43% to 4.18%
Saturday-0.11%3.35%-3.46% to 3.24%