Decred (DCR)

Current price: $ 29.55

24 hours price change: $ 0.50 (1.72%)

Daily analysis of Decred (DCR) - 1 year

The performance of Decred regarding the price differs every day. To make the best decision to buy Decred, we are analysis in this article the performance of Decred on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 year, starting on July 21st, 2018 to July 21st, 2019.

In the barchart below, the weekdays and average performance of Decred are shown side by side.

Average daily change in price of Decred per weekday between 07/21/2018 and 07/21/2019.

According to the performance of Decred between July 21st, 2018 and July 21st, 2019, Decred performed the best on Saturdays. On average, the price of Decred increased 0.72% on Saturday.

The weekday on which the Decred performed the worst, is Sunday. On Sundays, the Decred declined in value on average by -0.90%.

Decred weekday performance

On Sundays, the Decred decreases in value on average with -0.90%. On most of the Sundays the Decred decreases in value between -4.71% and 2.90%. The uncertainty (3.81%) is higher than the average decline percentage (-0.90%). Therefore, expected range of price changes of the Decred on Sundays is large.

On an average Monday, the Decred increased 0.51%. However, since the expected deviation is 5.29%, the Decred will decline in value on a Monday quiet regularly. The expected price change of the Decred on a Monday is between -4.78% and 5.80%.

Allthough the Decred decreases in value with -0.40% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Decred on Tuesdays is 3.53%. This means that the expected change of the value of Decred is between -3.93% and 3.12% on 68 out of 100 Tuesdays.

On an average Wednesday, the Decred increased 0.42%. However, since the expected deviation is 4.46%, the Decred will decline in value on a Wednesday quiet regularly. The expected price change of the Decred on a Wednesday is between -4.04% and 4.87%.

It is hard to tell whether the Decred will increase or decrease in value on an average Thursday. The average change on a Thursday for the Decred is -0.05%. However, the standard deviation on this weekday is 4.10%. This means that on most Thursdays, the change in value of the Decred is between -4.14% and 4.05%.

Allthough the Decred decreases in value with -0.59% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Decred on Fridays is 2.24%. This means that the expected change of the value of Decred is between -2.83% and 1.65% on 68 out of 100 Fridays.

Historical performance on Saturday do not show an increase in value of the Decred on which a prediction can be made. The Decred increased in value on average on an average Saturday with 0.72%. However, the uncertainty of this increase is high. The expected change in value of the Decred on a Saturday is between -4.56% and 6.00% (see also the table below).

Decred weekday performance details

Find below the details of the performance of Decred 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.

WeekdayAverage change (%)Standard deviation (%)68% range
Sunday-0.90%3.81%-4.71% to 2.90%
Monday0.51%5.29%-4.78% to 5.80%
Tuesday-0.40%3.53%-3.93% to 3.12%
Wednesday0.42%4.46%-4.04% to 4.87%
Thursday-0.05%4.10%-4.14% to 4.05%
Friday-0.59%2.24%-2.83% to 1.65%
Saturday0.72%5.28%-4.56% to 6.00%