Decentraland (MANA)

Current price: $ 0.08

24 hours price change: $ 0.009882 (14.57%)

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 August 23rd, 2020 to September 22nd, 2020.

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 08/23/2020 and 09/22/2020.

According to the performance of Decentraland between August 23rd, 2020 and September 22nd, 2020, Decentraland performed the best on Wednesdays. On average, the price of Decentraland increased 0.15% on Wednesday.

The weekday on which the Decentraland performed the worst, is Sunday. On Sundays, the Decentraland declined in value on average by -0.04%.

Decentraland weekday performance

It is hard to tell whether the Decentraland will increase or decrease in value on an average Sunday. The average change on a Sunday for the Decentraland is -0.04%. However, the standard deviation on this weekday is 0.15%. This means that on most Sundays, the change in value of the Decentraland is between -0.19% and 0.11%.

It is hard to tell whether the Decentraland will increase or decrease in value on an average Monday. The average change on a Monday for the Decentraland is -0.01%. However, the standard deviation on this weekday is 0.24%. This means that on most Mondays, the change in value of the Decentraland is between -0.25% and 0.23%.

Decentraland increased in value on an average Tuesday only slightly. The average increase in value of the Decentraland was 0.00%. 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 (0.15%). This means that on 68 percent of the Tuesdays, the change in price of the Decentraland is expected to be in the range of -0.14% and 0.15%.

Decentraland increased in value on an average Wednesday only slightly. The average increase in value of the Decentraland was 0.15%. 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 (0.34%). This means that on 68 percent of the Wednesdays, the change in price of the Decentraland is expected to be in the range of -0.18% and 0.49%.

The Decentraland will almost not change or only slightly increase in value on an average Thursday. The average change of the Decentraland on Thursdays is 0.11%. The standard deviation of the Decentraland is 0.11%, which means that in 68% of the Thursdays, the range of the change of the Decentraland is 0.00% and 0.22%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.

Decentraland increased in value on an average Friday only slightly. The average increase in value of the Decentraland was 0.04%. 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 (0.18%). This means that on 68 percent of the Fridays, the change in price of the Decentraland is expected to be in the range of -0.14% and 0.22%.

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 -0.03%. However, the standard deviation on this weekday is 0.26%. This means that on most Saturdays, the change in value of the Decentraland is between -0.29% and 0.24%.

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 -0.04% 0.15% -0.19% to 0.11%
Monday -0.01% 0.24% -0.25% to 0.23%
Tuesday 0.00% 0.15% -0.14% to 0.15%
Wednesday 0.15% 0.34% -0.18% to 0.49%
Thursday 0.11% 0.11% 0.00% to 0.22%
Friday 0.04% 0.18% -0.14% to 0.22%
Saturday -0.03% 0.26% -0.29% to 0.24%
 

We use cookies on our website. Some of them are essential for the operation of the site, while others help us to improve this site and the user experience (tracking cookies). You can decide for yourself whether you want to allow cookies or not. Please note that if you reject them, you may not be able to use all the functionalities of the site.