Dogecoin (DOGE)

Current price: $ 0.22

24 hours price change: $ -0.02 (-6.80%)

Daily analysis of Dogecoin (DOGE) - 6 months

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 6 months, starting on March 20th, 2021 to September 20th, 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 03/20/2021 and 09/20/2021.

According to the performance of Dogecoin between March 20th, 2021 and September 20th, 2021, Dogecoin performed the best on Wednesdays. On average, the price of Dogecoin increased 1.59% on Wednesday.

The weekday on which the Dogecoin performed the worst, is Friday. On Fridays, the Dogecoin rose in value on average by 0.04%. The price still increased on Fridays, allthough it was the smallest increase of all days on average.

Dogecoin weekday performance

Dogecoin increased in value on an average Sunday 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 (1.54%). This means that on 68 percent of the Sundays, the change in price of the Dogecoin is expected to be in the range of -1.28% and 1.79%.

On an average Monday, the Dogecoin increased 0.39%. However, since the expected deviation is 2.27%, the Dogecoin will decline in value on a Monday quiet regularly. The expected price change of the Dogecoin on a Monday is between -1.88% and 2.66%.

Dogecoin increased in value on an average Tuesday only slightly. The average increase in value of the Dogecoin was 0.28%. 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 (0.68%). This means that on 68 percent of the Tuesdays, the change in price of the Dogecoin is expected to be in the range of -0.39% and 0.96%.

On an average Wednesday the Dogecoin shows an increase in value of 1.59%. However, the change of Dogecoin on most of the Wednesdays is between -4.15% and 7.32%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Dogecoins.

Dogecoin increased in value on an average Thursday only slightly. The average increase in value of the Dogecoin was 0.11%. 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 (2.85%). This means that on 68 percent of the Thursdays, the change in price of the Dogecoin is expected to be in the range of -2.74% and 2.96%.

Dogecoin increased in value on an average Friday only slightly. The average increase in value of the Dogecoin was 0.04%. 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 (3.30%). This means that on 68 percent of the Fridays, the change in price of the Dogecoin is expected to be in the range of -3.26% and 3.34%.

Dogecoin increased in value on an average Saturday only slightly. The average increase in value of the Dogecoin was 0.14%. 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 (0.81%). This means that on 68 percent of the Saturdays, the change in price of the Dogecoin is expected to be in the range of -0.67% and 0.95%.

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 0.26% 1.54% -1.28% to 1.79%
Monday 0.39% 2.27% -1.88% to 2.66%
Tuesday 0.28% 0.68% -0.39% to 0.96%
Wednesday 1.59% 5.73% -4.15% to 7.32%
Thursday 0.11% 2.85% -2.74% to 2.96%
Friday 0.04% 3.30% -3.26% to 3.34%
Saturday 0.14% 0.81% -0.67% to 0.95%
 

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