Dogecoin (DOGE)

Current price: $ 0.41

24 hours price change: $ 0.06 (18.41%)

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 October 20th, 2020 to April 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 10/20/2020 and 04/20/2021.

According to the performance of Dogecoin between October 20th, 2020 and April 20th, 2021, Dogecoin performed the best on Wednesdays. On average, the price of Dogecoin increased 14.36% on Wednesday.

The weekday on which the Dogecoin performed the worst, is Friday. On Fridays, the Dogecoin declined in value on average by -1.41%.

Dogecoin weekday performance

Allthough the Dogecoin decreases in value with -0.50% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Dogecoin on Sundays is 3.59%. This means that the expected change of the value of Dogecoin is between -4.09% and 3.09% on 68 out of 100 Sundays.

On Mondays, the Dogecoin decreases in value on average with -0.91%. On most of the Mondays the Dogecoin decreases in value between -4.84% and 3.01%. The uncertainty (3.93%) is higher than the average decline percentage (-0.91%). Therefore, expected range of price changes of the Dogecoin on Mondays is large.

On an average Tuesday, the Dogecoin increased 0.33%. However, since the expected deviation is 3.44%, the Dogecoin will decline in value on a Tuesday quiet regularly. The expected price change of the Dogecoin on a Tuesday is between -3.10% and 3.77%.

The increase in value of the Dogecoin is 14.36% on an average Wednesday. However, the uncertainty on the average change is high for the Dogecoin on Wednesdays. This is the reason why an expected increase of the Dogecoin on an average Wednesday cannot be predicted. The standard deviation for Dogecoin on Wednesdays is high, namely 75.63%. This means that the expected range of value change for the Dogecoin is -61.27% and 89.99% on 68% of the Wednesdays.

On an average Thursday the Dogecoin shows an increase in value of 1.69%. However, the change of Dogecoin on most of the Thursdays is between -3.54% and 6.93%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Dogecoins.

The Dogecoin declines in value on an average Friday with -1.41%. However, the uncertainty (or standard deviation) is quite large, namely 7.52%. This means that it is not possible to say whether on a regular Friday the Dogecoin will increase or decrease in value.

On an average Saturday, the Dogecoin increased 0.56%. However, since the expected deviation is 6.77%, the Dogecoin will decline in value on a Saturday quiet regularly. The expected price change of the Dogecoin on a Saturday is between -6.21% and 7.32%.

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 -0.50% 3.59% -4.09% to 3.09%
Monday -0.91% 3.93% -4.84% to 3.01%
Tuesday 0.33% 3.44% -3.10% to 3.77%
Wednesday 14.36% 75.63% -61.27% to 89.99%
Thursday 1.69% 5.23% -3.54% to 6.93%
Friday -1.41% 7.52% -8.93% to 6.11%
Saturday 0.56% 6.77% -6.21% to 7.32%
 

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