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 February 23rd, 2023 to March 23rd, 2023.
In the barchart below, the weekdays and average performance of Decentraland are shown side by side.
According to the performance of Decentraland between February 23rd, 2023 and March 23rd, 2023, Decentraland performed the best on Saturdays. On average, the price of Decentraland increased 0.93% on Saturday.
The weekday on which the Decentraland performed the worst, is Friday. On Fridays, the Decentraland declined in value on average by -1.00%.
Decentraland weekday performance
On an average Sunday, the Decentraland increased 0.34%. However, since the expected deviation is 1.38%, the Decentraland will decline in value on a Sunday quiet regularly. The expected price change of the Decentraland on a Sunday is between -1.04% and 1.73%.
Decentraland increased in value on an average Monday only slightly. The average increase in value of the Decentraland was 0.23%. 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 (1.06%). This means that on 68 percent of the Mondays, the change in price of the Decentraland is expected to be in the range of -0.82% and 1.29%.
Decentraland increased in value on an average Tuesday only slightly. The average increase in value of the Decentraland was 0.16%. 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 (0.83%). This means that on 68 percent of the Tuesdays, the change in price of the Decentraland is expected to be in the range of -0.67% and 0.98%.
On Wednesdays, the Decentraland decreases in value on average with -0.68%. On most of the Wednesdays the Decentraland decreases in value between -1.53% and 0.17%. The uncertainty (0.85%) is higher than the average decline percentage (-0.68%). Therefore, expected range of price changes of the Decentraland on Wednesdays is large.
Allthough the Decentraland decreases in value with -0.35% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Decentraland on Thursdays is 0.48%. This means that the expected change of the value of Decentraland is between -0.83% and 0.13% on 68 out of 100 Thursdays.
On Fridays, the Decentraland decreases in value on average with -1.00%. On most of the Fridays the Decentraland decreases in value between -1.63% and -0.37%. The uncertainty (0.63%) is higher than the average decline percentage (-1.00%). Therefore, expected range of price changes of the Decentraland on Fridays is large.
The expected range of change of the Decentraland for an average Saturday is between 0.19% and 1.67%. This is the result of an average increase in value of 0.93% and a standard deviation of %STANDARD_DEVIATION%}. This expected increase of value is calculated over the last 1 month.
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 | 0.34% | 1.38% | -1.04% to 1.73% |
| Monday | 0.23% | 1.06% | -0.82% to 1.29% |
| Tuesday | 0.16% | 0.83% | -0.67% to 0.98% |
| Wednesday | -0.68% | 0.85% | -1.53% to 0.17% |
| Thursday | -0.35% | 0.48% | -0.83% to 0.13% |
| Friday | -1.00% | 0.63% | -1.63% to -0.37% |
| Saturday | 0.93% | 0.74% | 0.19% to 1.67% |