Cardano (ADA)

Current price: $ 0.40

24 hours price change: $ 0.02 (4.23%)

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 March 19th, 2024 to June 19th, 2024.

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 03/19/2024 and 06/19/2024.

According to the performance of Cardano between March 19th, 2024 and June 19th, 2024, Cardano performed the best on Mondays. On average, the price of Cardano increased 0.81% on Monday.

The weekday on which the Cardano performed the worst, is Tuesday. On Tuesdays, the Cardano declined in value on average by -0.57%.

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 -0.25%. However, the standard deviation on this weekday is 1.10%. This means that on most Sundays, the change in value of the Cardano is between -1.35% and 0.85%.

Historical performance on Monday 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 Monday with 0.81%. However, the uncertainty of this increase is high. The expected change in value of the Cardano on a Monday is between -1.24% and 2.86% (see also the table below).

Allthough the Cardano decreases in value with -0.57% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Cardano on Tuesdays is 1.22%. This means that the expected change of the value of Cardano is between -1.79% and 0.65% on 68 out of 100 Tuesdays.

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 -0.30%. However, the standard deviation on this weekday is 1.13%. This means that on most Wednesdays, the change in value of the Cardano is between -1.42% and 0.83%.

Allthough the Cardano decreases in value with -0.32% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Cardano on Thursdays is 1.00%. This means that the expected change of the value of Cardano is between -1.33% and 0.68% on 68 out of 100 Thursdays.

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 -0.06%. However, the standard deviation on this weekday is 0.80%. This means that on most Fridays, the change in value of the Cardano is between -0.87% and 0.74%.

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 -0.14%. However, the standard deviation on this weekday is 0.90%. This means that on most Saturdays, the change in value of the Cardano is between -1.04% and 0.75%.

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 -0.25% 1.10% -1.35% to 0.85%
Monday 0.81% 2.05% -1.24% to 2.86%
Tuesday -0.57% 1.22% -1.79% to 0.65%
Wednesday -0.30% 1.13% -1.42% to 0.83%
Thursday -0.32% 1.00% -1.33% to 0.68%
Friday -0.06% 0.80% -0.87% to 0.74%
Saturday -0.14% 0.90% -1.04% to 0.75%
 

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