Decentraland (MANA)

Current price: $ 0.03

24 hours price change: $ 0.000083 (0.26%)

Daily analysis of Decentraland (MANA) - all

The performance of Decentraland regarding the price differs every day. To make the best decision to buy Decentraland, we are analysis in this article the performance of Decentraland on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last years, starting on September 21st, 2017 to October 14th, 2019.

In the barchart below, the weekdays and average performance of Decentraland are shown side by side.

Average daily change in price of Decentraland per weekday between 09/21/2017 and 10/14/2019.

According to the performance of Decentraland between September 21st, 2017 and October 14th, 2019, Decentraland performed the best on Tuesdays. On average, the price of Decentraland increased 1.79% on Tuesday.

The weekday on which the Decentraland performed the worst, is Sunday. On Sundays, the Decentraland declined in value on average by -1.06%.

Decentraland weekday performance

The Decentraland declines in value on an average Sunday with -1.06%. However, the uncertainty (or standard deviation) is quite large, namely 6.38%. This means that it is not possible to say whether on a regular Sunday the Decentraland will increase or decrease in value.

On an average Monday the Decentraland shows an increase in value of 1.69%. However, the change of Decentraland on most of the Mondays is between -12.98% and 16.35%. Therefore it is hard to tell whether an average Monday is a good day to start buying Decentralands.

On an average Tuesday the Decentraland shows an increase in value of 1.79%. However, the change of Decentraland on most of the Tuesdays is between -17.37% and 20.95%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Decentralands.

Decentraland increased in value on an average Wednesday only slightly. The average increase in value of the Decentraland was 0.27%. Allthough the Decentraland closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (8.22%). This means that on 68 percent of the Wednesdays, the change in price of the Decentraland is expected to be in the range of -7.95% and 8.49%.

On an average Thursday, the Decentraland increased 0.51%. However, since the expected deviation is 10.24%, the Decentraland will decline in value on a Thursday quiet regularly. The expected price change of the Decentraland on a Thursday is between -9.73% and 10.75%.

On an average Friday the Decentraland shows an increase in value of 1.01%. However, the change of Decentraland on most of the Fridays is between -4.61% and 6.63%. Therefore it is hard to tell whether an average Friday is a good day to start buying Decentralands.

It is hard to tell whether the Decentraland will increase or decrease in value on an average Saturday. The average change on a Saturday for the Decentraland is -0.15%. However, the standard deviation on this weekday is 8.98%. This means that on most Saturdays, the change in value of the Decentraland is between -9.13% and 8.84%.

Decentraland weekday performance details

Find below the details of the performance of Decentraland 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 -1.06% 6.38% -7.44% to 5.32%
Monday 1.69% 14.67% -12.98% to 16.35%
Tuesday 1.79% 19.16% -17.37% to 20.95%
Wednesday 0.27% 8.22% -7.95% to 8.49%
Thursday 0.51% 10.24% -9.73% to 10.75%
Friday 1.01% 5.62% -4.61% to 6.63%
Saturday -0.15% 8.98% -9.13% to 8.84%