Decentraland (MANA)

Current price: $ 4.68

24 hours price change: $ -0.28 (-5.71%)

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 October 27th, 2021 to November 27th, 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 10/27/2021 and 11/27/2021.

According to the performance of Decentraland between October 27th, 2021 and November 27th, 2021, Decentraland performed the best on Saturdays. On average, the price of Decentraland increased 33.21% on Saturday.

The weekday on which the Decentraland performed the worst, is Sunday. On Sundays, the Decentraland declined in value on average by -5.84%.

Decentraland weekday performance

The decrease in value of the Decentraland is -5.84% on an average Sunday. The uncertainty of the average change is high for the Decentraland on Sundays. This means that it is hard to tell whether the Decentraland will decrease or increase in value on an average Sunday. If we look at the 68% range of the Decentraland, we see that on 68% of the Sundays, the expected change of the Decentraland is between -14.34% and 2.67%.

On an average Monday the Decentraland shows an increase in value of 1.10%. However, the change of Decentraland on most of the Mondays is between -1.19% and 3.40%. 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 2.30%. However, the change of Decentraland on most of the Tuesdays is between -1.47% and 6.07%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Decentralands.

On an average Wednesday the Decentraland shows an increase in value of 1.51%. However, the change of Decentraland on most of the Wednesdays is between -1.55% and 4.57%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Decentralands.

The increase in value of the Decentraland is 4.52% on an average Thursday. However, the uncertainty on the average change is high for the Decentraland on Thursdays. This is the reason why an expected increase of the Decentraland on an average Thursday cannot be predicted. The standard deviation for Decentraland on Thursdays is high, namely 11.65%. This means that the expected range of value change for the Decentraland is -7.13% and 16.17% on 68% of the Thursdays.

The increase in value of the Decentraland is 14.88% on an average Friday. However, the uncertainty on the average change is high for the Decentraland on Fridays. This is the reason why an expected increase of the Decentraland on an average Friday cannot be predicted. The standard deviation for Decentraland on Fridays is high, namely 18.28%. This means that the expected range of value change for the Decentraland is -3.40% and 33.16% on 68% of the Fridays.

The increase in value of the Decentraland is 33.21% 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 63.26%. This means that the expected range of value change for the Decentraland is -30.05% and 96.48% 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 -5.84% 8.50% -14.34% to 2.67%
Monday 1.10% 2.29% -1.19% to 3.40%
Tuesday 2.30% 3.77% -1.47% to 6.07%
Wednesday 1.51% 3.06% -1.55% to 4.57%
Thursday 4.52% 11.65% -7.13% to 16.17%
Friday 14.88% 18.28% -3.40% to 33.16%
Saturday 33.21% 63.26% -30.05% to 96.48%
 

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