Dogecoin (DOGE)

Current price: $ 0.05

24 hours price change: $ 0.05 (inf%)

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 January 28th, 2021 to February 25th, 2021.

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 01/28/2021 and 02/25/2021.

According to the performance of Dogecoin between January 28th, 2021 and February 25th, 2021, Dogecoin performed the best on Saturdays. On average, the price of Dogecoin increased 6.56% on Saturday.

The weekday on which the Dogecoin performed the worst, is Friday. On Fridays, the Dogecoin declined in value on average by -10.82%.

Dogecoin weekday performance

The Dogecoin declines in value on an average Sunday with -2.37%. However, the uncertainty (or standard deviation) is quite large, namely 5.26%. This means that it is not possible to say whether on a regular Sunday the Dogecoin will increase or decrease in value.

The decrease in value of the Dogecoin is -6.17% on an average Monday. The uncertainty of the average change is high for the Dogecoin on Mondays. This means that it is hard to tell whether the Dogecoin will decrease or increase in value on an average Monday. If we look at the 68% range of the Dogecoin, we see that on 68% of the Mondays, the expected change of the Dogecoin is between -12.26% and -0.07%.

On an average Tuesday the Dogecoin shows an increase in value of 2.81%. However, the change of Dogecoin on most of the Tuesdays is between -0.02% and 5.63%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Dogecoins.

On Wednesdays, the Dogecoin decreases in value on average with -0.90%. On most of the Wednesdays the Dogecoin decreases in value between -2.06% and 0.26%. The uncertainty (1.16%) is higher than the average decline percentage (-0.90%). Therefore, expected range of price changes of the Dogecoin on Wednesdays is large.

The increase in value of the Dogecoin is 4.66% on an average Thursday. However, the uncertainty on the average change is high for the Dogecoin on Thursdays. This is the reason why an expected increase of the Dogecoin on an average Thursday cannot be predicted. The standard deviation for Dogecoin on Thursdays is high, namely 10.00%. This means that the expected range of value change for the Dogecoin is -5.34% and 14.67% on 68% of the Thursdays.

The decrease in value of the Dogecoin is -10.82% on an average Friday. The uncertainty of the average change is high for the Dogecoin on Fridays. This means that it is hard to tell whether the Dogecoin will decrease or increase in value on an average Friday. If we look at the 68% range of the Dogecoin, we see that on 68% of the Fridays, the expected change of the Dogecoin is between -26.72% and 5.08%.

The increase in value of the Dogecoin is 6.56% on an average Saturday. However, the uncertainty on the average change is high for the Dogecoin on Saturdays. This is the reason why an expected increase of the Dogecoin on an average Saturday cannot be predicted. The standard deviation for Dogecoin on Saturdays is high, namely 14.38%. This means that the expected range of value change for the Dogecoin is -7.82% and 20.94% on 68% of the 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.

Weekday Average change (%) Standard deviation (%) 68% range
Sunday -2.37% 5.26% -7.63% to 2.89%
Monday -6.17% 6.10% -12.26% to -0.07%
Tuesday 2.81% 2.83% -0.02% to 5.63%
Wednesday -0.90% 1.16% -2.06% to 0.26%
Thursday 4.66% 10.00% -5.34% to 14.67%
Friday -10.82% 15.90% -26.72% to 5.08%
Saturday 6.56% 14.38% -7.82% to 20.94%
 

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