Dogecoin (DOGE)

Current price: $ 0.002602

24 hours price change: - (-)

Daily analysis of Dogecoin (DOGE) - 1 year

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 year, starting on February 24th, 2019 to February 23rd, 2020.

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 02/24/2019 and 02/23/2020.

According to the performance of Dogecoin between February 24th, 2019 and February 23rd, 2020, Dogecoin performed the best on Wednesdays. On average, the price of Dogecoin increased 0.20% on Wednesday.

The weekday on which the Dogecoin performed the worst, is Thursday. On Thursdays, the Dogecoin declined in value on average by -0.40%.

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 -0.01%. However, the standard deviation on this weekday is 1.42%. This means that on most Sundays, the change in value of the Dogecoin is between -1.43% and 1.41%.

Dogecoin increased in value on an average Monday 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 (1.64%). This means that on 68 percent of the Mondays, the change in price of the Dogecoin is expected to be in the range of -1.46% and 1.81%.

It is hard to tell whether the Dogecoin will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Dogecoin is -0.04%. However, the standard deviation on this weekday is 1.54%. This means that on most Tuesdays, the change in value of the Dogecoin is between -1.58% and 1.49%.

Dogecoin increased in value on an average Wednesday only slightly. The average increase in value of the Dogecoin was 0.20%. 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 (1.32%). This means that on 68 percent of the Wednesdays, the change in price of the Dogecoin is expected to be in the range of -1.12% and 1.53%.

Allthough the Dogecoin decreases in value with -0.40% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Dogecoin on Thursdays is 1.92%. This means that the expected change of the value of Dogecoin is between -2.31% and 1.52% on 68 out of 100 Thursdays.

It is hard to tell whether the Dogecoin will increase or decrease in value on an average Friday. The average change on a Friday for the Dogecoin is -0.16%. However, the standard deviation on this weekday is 1.49%. This means that on most Fridays, the change in value of the Dogecoin is between -1.65% and 1.33%.

Dogecoin increased in value on an average Saturday 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 (1.21%). This means that on 68 percent of the Saturdays, the change in price of the Dogecoin is expected to be in the range of -1.12% and 1.31%.

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 -0.01% 1.42% -1.43% to 1.41%
Monday 0.17% 1.64% -1.46% to 1.81%
Tuesday -0.04% 1.54% -1.58% to 1.49%
Wednesday 0.20% 1.32% -1.12% to 1.53%
Thursday -0.40% 1.92% -2.31% to 1.52%
Friday -0.16% 1.49% -1.65% to 1.33%
Saturday 0.10% 1.21% -1.12% to 1.31%
 

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