Dogecoin (DOGE)

Current price: $ 0.002175

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 November 8th, 2019 to December 7th, 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 11/08/2019 and 12/07/2019.

According to the performance of Dogecoin between November 8th, 2019 and December 7th, 2019, Dogecoin performed the best on Mondays. On average, the price of Dogecoin increased 0.38% on Monday.

The weekday on which the Dogecoin performed the worst, is Sunday. On Sundays, the Dogecoin declined in value on average by -1.69%.

Dogecoin weekday performance

The Dogecoin declines in value on an average Sunday with -1.69%. However, the uncertainty (or standard deviation) is quite large, namely 1.53%. This means that it is not possible to say whether on a regular Sunday the Dogecoin will increase or decrease in value.

The average increase of the Dogecoin on an average Monday is 0.38%. This is a small increase, however, the expected change of the Dogecoin in 95% of the Mondays is -0.33% and 1.10%. This means that only on 2.5% (or slightly over 1 Monday per year) the expected change of the Dogecoin is below -0.33%. On the other hand, you would not have to expect that the change on a single Monday will be above 1.10%. This will also only happen on 2.5% of the Mondays. On 68% of the Mondays, the increase of the Dogecoin will be in the range of 0.03% and 0.74%.

Allthough the Dogecoin decreases in value with -0.60% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Dogecoin on Tuesdays is 0.93%. This means that the expected change of the value of Dogecoin is between -1.53% and 0.34% on 68 out of 100 Tuesdays.

Allthough the Dogecoin decreases in value with -0.54% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Dogecoin on Wednesdays is 1.55%. This means that the expected change of the value of Dogecoin is between -2.09% and 1.02% on 68 out of 100 Wednesdays.

Dogecoin increased in value on an average Thursday only slightly. The average increase in value of the Dogecoin was 0.22%. 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 (0.51%). This means that on 68 percent of the Thursdays, the change in price of the Dogecoin is expected to be in the range of -0.28% and 0.73%.

The Dogecoin declines in value on an average Friday with -1.39%. However, the uncertainty (or standard deviation) is quite large, namely 1.52%. This means that it is not possible to say whether on a regular Friday the Dogecoin will increase or decrease in value.

Dogecoin increased in value on an average Saturday only slightly. The average increase in value of the Dogecoin was 0.27%. 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 (1.96%). This means that on 68 percent of the Saturdays, the change in price of the Dogecoin is expected to be in the range of -1.69% and 2.22%.

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 -1.69% 1.53% -3.22% to -0.17%
Monday 0.38% 0.36% 0.03% to 0.74%
Tuesday -0.60% 0.93% -1.53% to 0.34%
Wednesday -0.54% 1.55% -2.09% to 1.02%
Thursday 0.22% 0.51% -0.28% to 0.73%
Friday -1.39% 1.52% -2.91% to 0.12%
Saturday 0.27% 1.96% -1.69% to 2.22%