IOTA (MIOTA)

Current price: $ 1.89

24 hours price change: $ -0.52 (-21.50%)

Daily analysis of IOTA (MIOTA) - 1 month

The performance of IOTA regarding the price differs every day. To make the best decision to buy IOTA, we are analysis in this article the performance of IOTA on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on March 20th, 2021 to April 20th, 2021.

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

Average daily change in price of IOTA per weekday between 03/20/2021 and 04/20/2021.

According to the performance of IOTA between March 20th, 2021 and April 20th, 2021, IOTA performed the best on Fridays. On average, the price of IOTA increased 1.87% on Friday.

The weekday on which the IOTA performed the worst, is Thursday. On Thursdays, the IOTA declined in value on average by -1.17%.

IOTA weekday performance

It is hard to tell whether the IOTA will increase or decrease in value on an average Sunday. The average change on a Sunday for the IOTA is -0.29%. However, the standard deviation on this weekday is 0.38%. This means that on most Sundays, the change in value of the IOTA is between -0.67% and 0.10%.

On an average Monday the IOTA shows an increase in value of 1.19%. However, the change of IOTA on most of the Mondays is between -2.68% and 5.06%. Therefore it is hard to tell whether an average Monday is a good day to start buying IOTAs.

On an average Tuesday the IOTA shows an increase in value of 1.46%. However, the change of IOTA on most of the Tuesdays is between -0.39% and 3.30%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying IOTAs.

Allthough the IOTA decreases in value with -0.43% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of IOTA on Wednesdays is 0.54%. This means that the expected change of the value of IOTA is between -0.97% and 0.11% on 68 out of 100 Wednesdays.

The IOTA declines in value on an average Thursday with -1.17%. However, the uncertainty (or standard deviation) is quite large, namely 2.03%. This means that it is not possible to say whether on a regular Thursday the IOTA will increase or decrease in value.

On an average Friday the IOTA shows an increase in value of 1.87%. However, the change of IOTA on most of the Fridays is between -1.45% and 5.18%. Therefore it is hard to tell whether an average Friday is a good day to start buying IOTAs.

Allthough the IOTA decreases in value with -0.55% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of IOTA on Saturdays is 1.34%. This means that the expected change of the value of IOTA is between -1.89% and 0.78% on 68 out of 100 Saturdays.

IOTA weekday performance details

Find below the details of the performance of IOTA 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 -0.29% 0.38% -0.67% to 0.10%
Monday 1.19% 3.87% -2.68% to 5.06%
Tuesday 1.46% 1.84% -0.39% to 3.30%
Wednesday -0.43% 0.54% -0.97% to 0.11%
Thursday -1.17% 2.03% -3.20% to 0.86%
Friday 1.87% 3.31% -1.45% to 5.18%
Saturday -0.55% 1.34% -1.89% to 0.78%
 

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