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 year, starting on June 27th, 2021 to June 27th, 2022.
In the barchart below, the weekdays and average performance of Decentraland are shown side by side.
According to the performance of Decentraland between June 27th, 2021 and June 27th, 2022, Decentraland performed the best on Saturdays. On average, the price of Decentraland increased 3.10% on Saturday.
The weekday on which the Decentraland performed the worst, is Monday. On Mondays, the Decentraland declined in value on average by -0.80%.
Decentraland weekday performance
Allthough the Decentraland decreases in value with -0.42% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Decentraland on Sundays is 3.43%. This means that the expected change of the value of Decentraland is between -3.84% and 3.01% on 68 out of 100 Sundays.
On Mondays, the Decentraland decreases in value on average with -0.80%. On most of the Mondays the Decentraland decreases in value between -3.65% and 2.05%. The uncertainty (2.85%) is higher than the average decline percentage (-0.80%). Therefore, expected range of price changes of the Decentraland on Mondays is large.
It is hard to tell whether the Decentraland will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Decentraland is -0.01%. However, the standard deviation on this weekday is 2.32%. This means that on most Tuesdays, the change in value of the Decentraland is between -2.33% and 2.30%.
On an average Wednesday, the Decentraland increased 0.54%. However, since the expected deviation is 2.05%, the Decentraland will decline in value on a Wednesday quiet regularly. The expected price change of the Decentraland on a Wednesday is between -1.50% and 2.59%.
Decentraland increased in value on an average Thursday only slightly. The average increase in value of the Decentraland was 0.29%. 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 (4.15%). This means that on 68 percent of the Thursdays, the change in price of the Decentraland is expected to be in the range of -3.86% and 4.45%.
On an average Friday the Decentraland shows an increase in value of 1.52%. However, the change of Decentraland on most of the Fridays is between -6.07% and 9.12%. Therefore it is hard to tell whether an average Friday is a good day to start buying Decentralands.
The increase in value of the Decentraland is 3.10% 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 22.07%. This means that the expected range of value change for the Decentraland is -18.97% and 25.17% 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||-0.42%||3.43%||-3.84% to 3.01%|
|Monday||-0.80%||2.85%||-3.65% to 2.05%|
|Tuesday||-0.01%||2.32%||-2.33% to 2.30%|
|Wednesday||0.54%||2.05%||-1.50% to 2.59%|
|Thursday||0.29%||4.15%||-3.86% to 4.45%|
|Friday||1.52%||7.59%||-6.07% to 9.12%|
|Saturday||3.10%||22.07%||-18.97% to 25.17%|