Dogecoin (DOGE)

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Daily analysis of Dogecoin (DOGE) - all

The performance of Dogecoin regarding the price differs every day. To make the best decision to buy Dogecoin, we are analysis in this article the performance of Dogecoin on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last years, starting on January 31st, 2014 to May 17th, 2024.

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

Average daily change in price of Dogecoin per weekday between 01/31/2014 and 05/17/2024.

According to the performance of Dogecoin between January 31st, 2014 and May 17th, 2024, Dogecoin performed the best on Wednesdays. On average, the price of Dogecoin increased 13.94% on Wednesday.

The weekday on which the Dogecoin performed the worst, is Friday. On Fridays, the Dogecoin declined in value on average by -0.12%.

Dogecoin weekday performance

Historical performance on Sunday do not show an increase in value of the Dogecoin on which a prediction can be made. The Dogecoin increased in value on average on an average Sunday with 0.87%. However, the uncertainty of this increase is high. The expected change in value of the Dogecoin on a Sunday is between -12.99% and 14.73% (see also the table below).

On an average Monday the Dogecoin shows an increase in value of 2.17%. However, the change of Dogecoin on most of the Mondays is between -37.89% and 42.23%. Therefore it is hard to tell whether an average Monday is a good day to start buying Dogecoins.

On an average Tuesday the Dogecoin shows an increase in value of 2.93%. However, the change of Dogecoin on most of the Tuesdays is between -48.56% and 54.41%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Dogecoins.

The increase in value of the Dogecoin is 13.94% on an average Wednesday. However, the uncertainty on the average change is high for the Dogecoin on Wednesdays. This is the reason why an expected increase of the Dogecoin on an average Wednesday cannot be predicted. The standard deviation for Dogecoin on Wednesdays is high, namely 223.05%. This means that the expected range of value change for the Dogecoin is -209.10% and 236.99% on 68% of the Wednesdays.

The increase in value of the Dogecoin is 5.11% on an average Thursday. However, the uncertainty on the average change is high for the Dogecoin on Thursdays. This is the reason why an expected increase of the Dogecoin on an average Thursday cannot be predicted. The standard deviation for Dogecoin on Thursdays is high, namely 69.25%. This means that the expected range of value change for the Dogecoin is -64.14% and 74.36% on 68% of the Thursdays.

It is hard to tell whether the Dogecoin will increase or decrease in value on an average Friday. The average change on a Friday for the Dogecoin is -0.12%. However, the standard deviation on this weekday is 16.33%. This means that on most Fridays, the change in value of the Dogecoin is between -16.45% and 16.21%.

On an average Saturday, the Dogecoin increased 0.57%. However, since the expected deviation is 21.50%, the Dogecoin will decline in value on a Saturday quiet regularly. The expected price change of the Dogecoin on a Saturday is between -20.93% and 22.07%.

Dogecoin weekday performance details

Find below the details of the performance of Dogecoin 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 0.87% 13.86% -12.99% to 14.73%
Monday 2.17% 40.06% -37.89% to 42.23%
Tuesday 2.93% 51.49% -48.56% to 54.41%
Wednesday 13.94% 223.05% -209.10% to 236.99%
Thursday 5.11% 69.25% -64.14% to 74.36%
Friday -0.12% 16.33% -16.45% to 16.21%
Saturday 0.57% 21.50% -20.93% to 22.07%
 

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: Financial indicators for cryptocurrencies