Cardano (ADA)

Current price: $ 0.05

24 hours price change: $ 0.0008 (1.69%)

Daily analysis of Cardano (ADA) - 3 months

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 3 months, starting on November 20th, 2018 to February 19th, 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 11/20/2018 and 02/19/2019.

According to the performance of Cardano between November 20th, 2018 and February 19th, 2019, Cardano performed the best on Sundays. On average, the price of Cardano increased 1.23% on Sunday.

The weekday on which the Cardano performed the worst, is Wednesday. On Wednesdays, the Cardano declined in value on average by -0.79%.

Cardano weekday performance

On an average Sunday the Cardano shows an increase in value of 1.23%. However, the change of Cardano on most of the Sundays is between -0.54% and 3.00%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Cardanos.

Cardano increased in value on an average Monday only slightly. The average increase in value of the Cardano was 0.23%. 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 (3.54%). This means that on 68 percent of the Mondays, the change in price of the Cardano is expected to be in the range of -3.31% and 3.77%.

It is hard to tell whether the Cardano will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Cardano is -0.11%. However, the standard deviation on this weekday is 1.52%. This means that on most Tuesdays, the change in value of the Cardano is between -1.62% and 1.41%.

On Wednesdays, the Cardano decreases in value on average with -0.79%. On most of the Wednesdays the Cardano decreases in value between -5.13% and 3.54%. The uncertainty (4.34%) is higher than the average decline percentage (-0.79%). Therefore, expected range of price changes of the Cardano on Wednesdays is large.

Cardano increased in value on an average Thursday only slightly. The average increase in value of the Cardano was 0.25%. 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 (2.12%). This means that on 68 percent of the Thursdays, the change in price of the Cardano is expected to be in the range of -1.87% and 2.37%.

On an average Friday, the Cardano increased 0.52%. However, since the expected deviation is 2.23%, the Cardano will decline in value on a Friday quiet regularly. The expected price change of the Cardano on a Friday is between -1.71% and 2.75%.

On an average Saturday, the Cardano increased 0.55%. However, since the expected deviation is 1.88%, the Cardano will decline in value on a Saturday quiet regularly. The expected price change of the Cardano on a Saturday is between -1.33% and 2.43%.

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
Sunday1.23%1.77%-0.54% to 3.00%
Monday0.23%3.54%-3.31% to 3.77%
Tuesday-0.11%1.52%-1.62% to 1.41%
Wednesday-0.79%4.34%-5.13% to 3.54%
Thursday0.25%2.12%-1.87% to 2.37%
Friday0.52%2.23%-1.71% to 2.75%
Saturday0.55%1.88%-1.33% to 2.43%