Decentraland (MANA)

Current price: $ 0.25

24 hours price change: $ 0.008475 (3.48%)

Daily analysis of Decentraland (MANA) - 1 month

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 1 month, starting on January 25th, 2021 to February 25th, 2021.

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 01/25/2021 and 02/25/2021.

According to the performance of Decentraland between January 25th, 2021 and February 25th, 2021, Decentraland performed the best on Saturdays. On average, the price of Decentraland increased 3.82% on Saturday.

The weekday on which the Decentraland performed the worst, is Monday. On Mondays, the Decentraland declined in value on average by -2.40%.

Decentraland weekday performance

The Decentraland declines in value on an average Sunday with -1.44%. However, the uncertainty (or standard deviation) is quite large, namely 0.36%. This means that it is not possible to say whether on a regular Sunday the Decentraland will increase or decrease in value.

The Decentraland declines in value on an average Monday with -2.40%. However, the uncertainty (or standard deviation) is quite large, namely 2.21%. This means that it is not possible to say whether on a regular Monday the Decentraland will increase or decrease in value.

On an average Tuesday the Decentraland shows an increase in value of 1.83%. However, the change of Decentraland on most of the Tuesdays is between -0.72% and 4.38%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Decentralands.

The Decentraland declines in value on an average Wednesday with -2.04%. However, the uncertainty (or standard deviation) is quite large, namely 5.09%. This means that it is not possible to say whether on a regular Wednesday the Decentraland will increase or decrease in value.

On an average Thursday the Decentraland shows an increase in value of 1.26%. However, the change of Decentraland on most of the Thursdays is between -2.03% and 4.56%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Decentralands.

The Decentraland declines in value on an average Friday with -2.13%. However, the uncertainty (or standard deviation) is quite large, namely 1.14%. This means that it is not possible to say whether on a regular Friday the Decentraland will increase or decrease in value.

The increase in value of the Decentraland is 3.82% on an average Saturday. However, the uncertainty on the average change is high for the Decentraland on Saturdays. This is the reason why an expected increase of the Decentraland on an average Saturday cannot be predicted. The standard deviation for Decentraland on Saturdays is high, namely 5.99%. This means that the expected range of value change for the Decentraland is -2.17% and 9.82% on 68% of the Saturdays.

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 -1.44% 0.36% -1.80% to -1.08%
Monday -2.40% 2.21% -4.61% to -0.19%
Tuesday 1.83% 2.55% -0.72% to 4.38%
Wednesday -2.04% 5.09% -7.13% to 3.05%
Thursday 1.26% 3.29% -2.03% to 4.56%
Friday -2.13% 1.14% -3.27% to -0.99%
Saturday 3.82% 5.99% -2.17% to 9.82%
 

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