Decentraland (MANA)

Current price: $ 0.43

24 hours price change: $ 0.005717 (1.34%)

Daily analysis of Decentraland (MANA) - 6 months

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 6 months, starting on October 16th, 2023 to April 16th, 2024.

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 10/16/2023 and 04/16/2024.

According to the performance of Decentraland between October 16th, 2023 and April 16th, 2024, Decentraland performed the best on Thursdays. On average, the price of Decentraland increased 0.85% on Thursday.

The weekday on which the Decentraland performed the worst, is Friday. On Fridays, the Decentraland declined in value on average by -0.16%.

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 -0.09%. However, the standard deviation on this weekday is 1.54%. This means that on most Sundays, the change in value of the Decentraland is between -1.63% and 1.46%.

Decentraland increased in value on an average Monday only slightly. The average increase in value of the Decentraland was 0.05%. 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 (1.59%). This means that on 68 percent of the Mondays, the change in price of the Decentraland is expected to be in the range of -1.54% and 1.64%.

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 -0.05%. However, the standard deviation on this weekday is 1.49%. This means that on most Tuesdays, the change in value of the Decentraland is between -1.54% and 1.44%.

It is hard to tell whether the Decentraland will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Decentraland is -0.08%. However, the standard deviation on this weekday is 1.32%. This means that on most Wednesdays, the change in value of the Decentraland is between -1.39% and 1.24%.

Historical performance on Thursday do not show an increase in value of the Decentraland on which a prediction can be made. The Decentraland increased in value on average on an average Thursday with 0.85%. However, the uncertainty of this increase is high. The expected change in value of the Decentraland on a Thursday is between -2.28% and 3.99% (see also the table below).

It is hard to tell whether the Decentraland will increase or decrease in value on an average Friday. The average change on a Friday for the Decentraland is -0.16%. However, the standard deviation on this weekday is 1.10%. This means that on most Fridays, the change in value of the Decentraland is between -1.26% and 0.94%.

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 -0.11%. However, the standard deviation on this weekday is 1.11%. This means that on most Saturdays, the change in value of the Decentraland is between -1.22% and 0.99%.

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 -0.09% 1.54% -1.63% to 1.46%
Monday 0.05% 1.59% -1.54% to 1.64%
Tuesday -0.05% 1.49% -1.54% to 1.44%
Wednesday -0.08% 1.32% -1.39% to 1.24%
Thursday 0.85% 3.14% -2.28% to 3.99%
Friday -0.16% 1.10% -1.26% to 0.94%
Saturday -0.11% 1.11% -1.22% to 0.99%
 

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