Dogecoin (DOGE)

Current price: $ 0.003055

24 hours price change: - (-)

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 June 15th, 2019 to July 14th, 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 06/15/2019 and 07/14/2019.

According to the performance of Dogecoin between June 15th, 2019 and July 14th, 2019, Dogecoin performed the best on Tuesdays. On average, the price of Dogecoin increased 1.31% on Tuesday.

The weekday on which the Dogecoin performed the worst, is Thursday. On Thursdays, the Dogecoin declined in value on average by -3.10%.

Dogecoin weekday performance

The Dogecoin will almost not change or only slightly increase in value on an average Sunday. The average change of the Dogecoin on Sundays is 0.23%. The standard deviation of the Dogecoin is 0.15%, which means that in 68% of the Sundays, the range of the change of the Dogecoin is 0.08% and 0.39%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.

On Mondays, the Dogecoin decreases in value on average with -0.72%. On most of the Mondays the Dogecoin decreases in value between -2.21% and 0.76%. The uncertainty (1.48%) is higher than the average decline percentage (-0.72%). Therefore, expected range of price changes of the Dogecoin on Mondays is large.

On an average Tuesday the Dogecoin shows an increase in value of 1.31%. However, the change of Dogecoin on most of the Tuesdays is between -0.24% and 2.86%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Dogecoins.

Dogecoin increased in value on an average Wednesday only slightly. The average increase in value of the Dogecoin was 0.10%. 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 (0.14%). This means that on 68 percent of the Wednesdays, the change in price of the Dogecoin is expected to be in the range of -0.04% and 0.24%.

The decrease in value of the Dogecoin is -3.10% on an average Thursday. The uncertainty of the average change is high for the Dogecoin on Thursdays. This means that it is hard to tell whether the Dogecoin will decrease or increase in value on an average Thursday. If we look at the 68% range of the Dogecoin, we see that on 68% of the Thursdays, the expected change of the Dogecoin is between -7.28% and 1.08%.

Dogecoin increased in value on an average Friday only slightly. The average increase in value of the Dogecoin was 0.17%. 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 (0.34%). This means that on 68 percent of the Fridays, the change in price of the Dogecoin is expected to be in the range of -0.17% and 0.52%.

On an average Saturday, the Dogecoin increased 0.59%. However, since the expected deviation is 1.54%, the Dogecoin will decline in value on a Saturday quiet regularly. The expected price change of the Dogecoin on a Saturday is between -0.95% and 2.13%.

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
Sunday0.23%0.15%0.08% to 0.39%
Monday-0.72%1.48%-2.21% to 0.76%
Tuesday1.31%1.55%-0.24% to 2.86%
Wednesday0.10%0.14%-0.04% to 0.24%
Thursday-3.10%4.18%-7.28% to 1.08%
Friday0.17%0.34%-0.17% to 0.52%
Saturday0.59%1.54%-0.95% to 2.13%