IOTA (MIOTA)

Current price: $ 0.45

24 hours price change: $ -0.009400 (-2.05%)

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 May 24th, 2019 to June 23rd, 2019.

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 05/24/2019 and 06/23/2019.

According to the performance of IOTA between May 24th, 2019 and June 23rd, 2019, IOTA performed the best on Tuesdays. On average, the price of IOTA increased 1.77% on Tuesday.

The weekday on which the IOTA performed the worst, is Wednesday. On Wednesdays, the IOTA declined in value on average by -1.95%.

IOTA weekday performance

Allthough the IOTA decreases in value with -0.42% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of IOTA on Sundays is 5.49%. This means that the expected change of the value of IOTA is between -5.91% and 5.07% on 68 out of 100 Sundays.

On an average Monday the IOTA shows an increase in value of 1.70%. However, the change of IOTA on most of the Mondays is between -3.41% and 6.80%. 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 1.77%. However, the change of IOTA on most of the Tuesdays is between -1.09% and 4.63%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying IOTAs.

The IOTA declines in value on an average Wednesday with -1.95%. However, the uncertainty (or standard deviation) is quite large, namely 3.36%. This means that it is not possible to say whether on a regular Wednesday the IOTA will increase or decrease in value.

On an average Thursday the IOTA shows an increase in value of 1.60%. However, the change of IOTA on most of the Thursdays is between -1.41% and 4.60%. Therefore it is hard to tell whether an average Thursday is a good day to start buying IOTAs.

On Fridays, the IOTA decreases in value on average with -0.84%. On most of the Fridays the IOTA decreases in value between -3.25% and 1.58%. The uncertainty (2.42%) is higher than the average decline percentage (-0.84%). Therefore, expected range of price changes of the IOTA on Fridays is large.

On an average Saturday the IOTA shows an increase in value of 1.75%. However, the change of IOTA on most of the Saturdays is between -0.97% and 4.46%. Therefore it is hard to tell whether an average Saturday is a good day to start buying IOTAs.

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.

WeekdayAverage change (%)Standard deviation (%)68% range
Sunday-0.42%5.49%-5.91% to 5.07%
Monday1.70%5.10%-3.41% to 6.80%
Tuesday1.77%2.86%-1.09% to 4.63%
Wednesday-1.95%3.36%-5.31% to 1.41%
Thursday1.60%3.01%-1.41% to 4.60%
Friday-0.84%2.42%-3.25% to 1.58%
Saturday1.75%2.72%-0.97% to 4.46%