Dogecoin (DOGE)

Current price: $ 0.0030

24 hours price change: $ -0.0002 (-5.00%)

Daily analysis of Dogecoin (DOGE) - 1 month

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 1 month, starting on April 19th, 2019 to May 19th, 2019.

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 04/19/2019 and 05/19/2019.

According to the performance of Dogecoin between April 19th, 2019 and May 19th, 2019, Dogecoin performed the best on Fridays. On average, the price of Dogecoin increased 1.37% on Friday.

The weekday on which the Dogecoin performed the worst, is Thursday. On Thursdays, the Dogecoin declined in value on average by -1.04%.

Dogecoin weekday performance

Allthough the Dogecoin decreases in value with -0.49% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Dogecoin on Sundays is 0.89%. This means that the expected change of the value of Dogecoin is between -1.38% and 0.41% on 68 out of 100 Sundays.

It is hard to tell whether the Dogecoin will increase or decrease in value on an average Monday. The average change on a Monday for the Dogecoin is -0.09%. However, the standard deviation on this weekday is 1.73%. This means that on most Mondays, the change in value of the Dogecoin is between -1.82% and 1.64%.

Allthough the Dogecoin decreases in value with -0.46% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Dogecoin on Tuesdays is 0.58%. This means that the expected change of the value of Dogecoin is between -1.04% and 0.12% on 68 out of 100 Tuesdays.

Dogecoin increased in value on an average Wednesday only slightly. The average increase in value of the Dogecoin was 0.11%. Allthough the Dogecoin closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.28%). This means that on 68 percent of the Wednesdays, the change in price of the Dogecoin is expected to be in the range of -0.17% and 0.40%.

The Dogecoin declines in value on an average Thursday with -1.04%. However, the uncertainty (or standard deviation) is quite large, namely 1.33%. This means that it is not possible to say whether on a regular Thursday the Dogecoin will increase or decrease in value.

On an average Friday the Dogecoin shows a high increase in value, namely 1.37%. The standard deviation is below the average increase percentage (standard deviation is 1.31%), meaning that on 68% of the Fridays the Dogecoin will increase with a percentage between 0.06% and 2.67%. This also means that, on average, on 16 percent of the Fridays, the Dogecoin will increase with a percentage above this range. On the other 16% of the Fridays, the Dogecoin will change with a percentage below the 0.06%.

Allthough the Dogecoin decreases in value with -0.33% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of Dogecoin on Saturdays is 1.49%. This means that the expected change of the value of Dogecoin is between -1.82% and 1.16% on 68 out of 100 Saturdays.

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.

WeekdayAverage change (%)Standard deviation (%)68% range
Sunday-0.49%0.89%-1.38% to 0.41%
Monday-0.09%1.73%-1.82% to 1.64%
Tuesday-0.46%0.58%-1.04% to 0.12%
Wednesday0.11%0.28%-0.17% to 0.40%
Thursday-1.04%1.33%-2.37% to 0.28%
Friday1.37%1.31%0.06% to 2.67%
Saturday-0.33%1.49%-1.82% to 1.16%