Dogecoin (DOGE)

Current price: $ 0.002559

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 August 23rd, 2019 to September 22nd, 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 08/23/2019 and 09/22/2019.

According to the performance of Dogecoin between August 23rd, 2019 and September 22nd, 2019, Dogecoin performed the best on Thursdays. On average, the price of Dogecoin increased 1.20% on Thursday.

The weekday on which the Dogecoin performed the worst, is Tuesday. On Tuesdays, the Dogecoin declined in value on average by -0.98%.

Dogecoin weekday performance

It is hard to tell whether the Dogecoin will increase or decrease in value on an average Sunday. The average change on a Sunday for the Dogecoin is 0.00%. However, the standard deviation on this weekday is 0.28%. This means that on most Sundays, the change in value of the Dogecoin is between -0.28% and 0.28%.

Dogecoin increased in value on an average Monday only slightly. The average increase in value of the Dogecoin was 0.01%. 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 (0.19%). This means that on 68 percent of the Mondays, the change in price of the Dogecoin is expected to be in the range of -0.18% and 0.19%.

On Tuesdays, the Dogecoin decreases in value on average with -0.98%. On most of the Tuesdays the Dogecoin decreases in value between -2.74% and 0.77%. The uncertainty (1.76%) is higher than the average decline percentage (-0.98%). Therefore, expected range of price changes of the Dogecoin on Tuesdays is large.

It is hard to tell whether the Dogecoin will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Dogecoin is -0.01%. However, the standard deviation on this weekday is 0.09%. This means that on most Wednesdays, the change in value of the Dogecoin is between -0.09% and 0.08%.

On an average Thursday the Dogecoin shows an increase in value of 1.20%. However, the change of Dogecoin on most of the Thursdays is between -0.58% and 2.98%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Dogecoins.

Historical performance on Friday 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 Friday with 0.79%. However, the uncertainty of this increase is high. The expected change in value of the Dogecoin on a Friday is between -0.97% and 2.56% (see also the table below).

It is hard to tell whether the Dogecoin will increase or decrease in value on an average Saturday. The average change on a Saturday for the Dogecoin is -0.08%. However, the standard deviation on this weekday is 0.07%. This means that on most Saturdays, the change in value of the Dogecoin is between -0.15% and -0.01%.

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 0.00% 0.28% -0.28% to 0.28%
Monday 0.01% 0.19% -0.18% to 0.19%
Tuesday -0.98% 1.76% -2.74% to 0.77%
Wednesday -0.01% 0.09% -0.09% to 0.08%
Thursday 1.20% 1.78% -0.58% to 2.98%
Friday 0.79% 1.77% -0.97% to 2.56%
Saturday -0.08% 0.07% -0.15% to -0.01%