Dogecoin (DOGE)

Current price: $ 0.0026

24 hours price change: $ 0.00009700 (3.89%)

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 19th, 2018 to December 18th, 2018.

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 11/19/2018 and 12/18/2018.

According to the performance of Dogecoin between November 19th, 2018 and December 18th, 2018, Dogecoin performed the best on Fridays. On average, the price of Dogecoin increased 0.77% on Friday.

The weekday on which the Dogecoin performed the worst, is Tuesday. On Tuesdays, the Dogecoin declined in value on average by -0.88%.

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 -0.04%. However, the standard deviation on this weekday is 0.46%. This means that on most Sundays, the change in value of the Dogecoin is between -0.50% and 0.42%.

The expected range of change of the Dogecoin for an average Monday is between 0.18% and 1.31%. This is the result of an average increase in value of 0.74% and a standard deviation of %STANDARD_DEVIATION%}. This expected increase of value is calculated over the last 1 month.

On Tuesdays, the Dogecoin decreases in value on average with -0.88%. On most of the Tuesdays the Dogecoin decreases in value between -1.87% and 0.10%. The uncertainty (0.99%) is higher than the average decline percentage (-0.88%). 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 -0.24%. However, the standard deviation on this weekday is 0.36%. This means that on most Wednesdays, the change in value of the Dogecoin is between -0.60% and 0.12%.

Allthough the Dogecoin decreases in value with -0.36% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Dogecoin on Thursdays is 0.32%. This means that the expected change of the value of Dogecoin is between -0.68% and -0.03% on 68 out of 100 Thursdays.

The expected range of change of the Dogecoin for an average Friday is between 0.32% and 1.22%. This is the result of an average increase in value of 0.77% and a standard deviation of %STANDARD_DEVIATION%}. This expected increase of value is calculated over the last 1 month.

Dogecoin increased in value on an average Saturday only slightly. The average increase in value of the Dogecoin was 0.26%. 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 (0.66%). This means that on 68 percent of the Saturdays, the change in price of the Dogecoin is expected to be in the range of -0.40% and 0.92%.

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-0.04%0.46%-0.50% to 0.42%
Monday0.74%0.56%0.18% to 1.31%
Tuesday-0.88%0.99%-1.87% to 0.10%
Wednesday-0.24%0.36%-0.60% to 0.12%
Thursday-0.36%0.32%-0.68% to -0.03%
Friday0.77%0.45%0.32% to 1.22%
Saturday0.26%0.66%-0.40% to 0.92%