Dragon Coins (DRG)

Current price: $ 0.03

24 hours price change: $ 0.000855 (2.76%)

Daily analysis of Dragon Coins (DRG) - 1 month

The performance of Dragon Coins regarding the price differs every day. To make the best decision to buy Dragon Coins, we are analysis in this article the performance of Dragon Coins on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on May 1st, 2020 to May 31st, 2020.

In the barchart below, the weekdays and average performance of Dragon Coins are shown side by side.

Average daily change in price of Dragon Coins per weekday between 05/01/2020 and 05/31/2020.

According to the performance of Dragon Coins between May 1st, 2020 and May 31st, 2020, Dragon Coins performed the best on Thursdays. On average, the price of Dragon Coins increased 3.89% on Thursday.

The weekday on which the Dragon Coins performed the worst, is Wednesday. On Wednesdays, the Dragon Coins declined in value on average by -6.68%.

Dragon Coins weekday performance

Dragon Coins increased in value on an average Sunday only slightly. The average increase in value of the Dragon Coins was 0.26%. Allthough the Dragon Coins closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (2.46%). This means that on 68 percent of the Sundays, the change in price of the Dragon Coins is expected to be in the range of -2.19% and 2.72%.

On an average Monday the Dragon Coins shows an increase in value of 1.33%. However, the change of Dragon Coins on most of the Mondays is between -4.21% and 6.88%. Therefore it is hard to tell whether an average Monday is a good day to start buying Dragon Coinss.

On Tuesdays, the Dragon Coins decreases in value on average with -0.87%. On most of the Tuesdays the Dragon Coins decreases in value between -2.38% and 0.64%. The uncertainty (1.51%) is higher than the average decline percentage (-0.87%). Therefore, expected range of price changes of the Dragon Coins on Tuesdays is large.

The decrease in value of the Dragon Coins is -6.68% on an average Wednesday. The uncertainty of the average change is high for the Dragon Coins on Wednesdays. This means that it is hard to tell whether the Dragon Coins will decrease or increase in value on an average Wednesday. If we look at the 68% range of the Dragon Coins, we see that on 68% of the Wednesdays, the expected change of the Dragon Coins is between -20.61% and 7.25%.

The increase in value of the Dragon Coins is 3.89% on an average Thursday. However, the uncertainty on the average change is high for the Dragon Coins on Thursdays. This is the reason why an expected increase of the Dragon Coins on an average Thursday cannot be predicted. The standard deviation for Dragon Coins on Thursdays is high, namely 4.67%. This means that the expected range of value change for the Dragon Coins is -0.77% and 8.56% on 68% of the Thursdays.

On an average Friday the Dragon Coins shows an increase in value of 1.34%. However, the change of Dragon Coins on most of the Fridays is between -0.61% and 3.29%. Therefore it is hard to tell whether an average Friday is a good day to start buying Dragon Coinss.

On an average Saturday the Dragon Coins shows a high increase in value, namely 1.58%. The standard deviation is below the average increase percentage (standard deviation is 1.50%), meaning that on 68% of the Saturdays the Dragon Coins will increase with a percentage between 0.08% and 3.08%. This also means that, on average, on 16 percent of the Saturdays, the Dragon Coins will increase with a percentage above this range. On the other 16% of the Saturdays, the Dragon Coins will change with a percentage below the 0.08%.

Dragon Coins weekday performance details

Find below the details of the performance of Dragon Coins 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% 2.46% -2.19% to 2.72%
Monday 1.33% 5.54% -4.21% to 6.88%
Tuesday -0.87% 1.51% -2.38% to 0.64%
Wednesday -6.68% 13.93% -20.61% to 7.25%
Thursday 3.89% 4.67% -0.77% to 8.56%
Friday 1.34% 1.95% -0.61% to 3.29%
Saturday 1.58% 1.50% 0.08% to 3.08%
 

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