Cardano (ADA)

Current price: $ 1.02

24 hours price change: $ -0.04 (-3.50%)

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 October 28th, 2021 to January 28th, 2022.

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 10/28/2021 and 01/28/2022.

According to the performance of Cardano between October 28th, 2021 and January 28th, 2022, Cardano performed the best on Sundays. On average, the price of Cardano increased 0.31% on Sunday.

The weekday on which the Cardano performed the worst, is Tuesday. On Tuesdays, the Cardano declined in value on average by -0.80%.

Cardano weekday performance

On an average Sunday, the Cardano increased 0.31%. However, since the expected deviation is 1.79%, the Cardano will decline in value on a Sunday quiet regularly. The expected price change of the Cardano on a Sunday is between -1.48% and 2.10%.

Allthough the Cardano decreases in value with -0.45% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Cardano on Mondays is 1.11%. This means that the expected change of the value of Cardano is between -1.56% and 0.66% on 68 out of 100 Mondays.

On Tuesdays, the Cardano decreases in value on average with -0.80%. On most of the Tuesdays the Cardano decreases in value between -2.97% and 1.37%. The uncertainty (2.17%) is higher than the average decline percentage (-0.80%). Therefore, expected range of price changes of the Cardano on Tuesdays is large.

Cardano increased in value on an average Wednesday only slightly. The average increase in value of the Cardano was 0.27%. 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 (0.85%). This means that on 68 percent of the Wednesdays, the change in price of the Cardano is expected to be in the range of -0.59% and 1.12%.

Cardano increased in value on an average Thursday only slightly. The average increase in value of the Cardano was 0.07%. 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 (1.81%). This means that on 68 percent of the Thursdays, the change in price of the Cardano is expected to be in the range of -1.73% and 1.88%.

Cardano increased in value on an average Friday only slightly. The average increase in value of the Cardano was 0.08%. 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 (1.77%). This means that on 68 percent of the Fridays, the change in price of the Cardano is expected to be in the range of -1.69% and 1.85%.

Cardano increased in value on an average Saturday 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 (1.48%). This means that on 68 percent of the Saturdays, the change in price of the Cardano is expected to be in the range of -1.23% and 1.73%.

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 0.31% 1.79% -1.48% to 2.10%
Monday -0.45% 1.11% -1.56% to 0.66%
Tuesday -0.80% 2.17% -2.97% to 1.37%
Wednesday 0.27% 0.85% -0.59% to 1.12%
Thursday 0.07% 1.81% -1.73% to 1.88%
Friday 0.08% 1.77% -1.69% to 1.85%
Saturday 0.25% 1.48% -1.23% to 1.73%
 

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