Dogecoin (DOGE)

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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 May 20th, 2023 to May 17th, 2024.

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 05/20/2023 and 05/17/2024.

According to the performance of Dogecoin between May 20th, 2023 and May 17th, 2024, Dogecoin performed the best on Wednesdays. On average, the price of Dogecoin increased 0.59% on Wednesday.

The weekday on which the Dogecoin performed the worst, is Monday. On Mondays, the Dogecoin declined in value on average by -0.08%.

Dogecoin weekday performance

Dogecoin increased in value on an average Sunday only slightly. The average increase in value of the Dogecoin was 0.07%. 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 Sundays, the change in price of the Dogecoin is expected to be in the range of -1.57% and 1.71%.

It is hard to tell whether the Dogecoin will increase or decrease in value on an average Monday. The average change on a Monday for the Dogecoin is -0.08%. However, the standard deviation on this weekday is 0.91%. This means that on most Mondays, the change in value of the Dogecoin is between -0.99% and 0.82%.

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 -0.05%. However, the standard deviation on this weekday is 1.90%. This means that on most Tuesdays, the change in value of the Dogecoin is between -1.95% and 1.85%.

On an average Wednesday, the Dogecoin increased 0.59%. However, since the expected deviation is 2.73%, the Dogecoin will decline in value on a Wednesday quiet regularly. The expected price change of the Dogecoin on a Wednesday is between -2.14% and 3.31%.

On an average Thursday, the Dogecoin increased 0.40%. However, since the expected deviation is 2.20%, the Dogecoin will decline in value on a Thursday quiet regularly. The expected price change of the Dogecoin on a Thursday is between -1.81% and 2.60%.

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 -0.05%. However, the standard deviation on this weekday is 0.71%. This means that on most Fridays, the change in value of the Dogecoin is between -0.76% and 0.67%.

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 -0.03%. However, the standard deviation on this weekday is 1.23%. This means that on most Saturdays, the change in value of the Dogecoin is between -1.26% and 1.20%.

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 0.07% 1.64% -1.57% to 1.71%
Monday -0.08% 0.91% -0.99% to 0.82%
Tuesday -0.05% 1.90% -1.95% to 1.85%
Wednesday 0.59% 2.73% -2.14% to 3.31%
Thursday 0.40% 2.20% -1.81% to 2.60%
Friday -0.05% 0.71% -0.76% to 0.67%
Saturday -0.03% 1.23% -1.26% to 1.20%
 

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