IOTA (MIOTA)

Current price: $ 0.83

24 hours price change: $ -0.01 (-1.49%)

Daily analysis of IOTA (MIOTA) - 6 months

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 6 months, starting on February 5th, 2021 to August 5th, 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 02/05/2021 and 08/05/2021.

According to the performance of IOTA between February 5th, 2021 and August 5th, 2021, IOTA performed the best on Mondays. On average, the price of IOTA increased 1.34% on Monday.

The weekday on which the IOTA performed the worst, is Friday. On Fridays, the IOTA declined in value on average by -0.48%.

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 -0.11%. However, the standard deviation on this weekday is 1.45%. This means that on most Sundays, the change in value of the IOTA is between -1.56% and 1.35%.

On an average Monday the IOTA shows an increase in value of 1.34%. However, the change of IOTA on most of the Mondays is between -3.64% and 6.33%. Therefore it is hard to tell whether an average Monday is a good day to start buying IOTAs.

Historical performance on Tuesday do not show an increase in value of the IOTA on which a prediction can be made. The IOTA increased in value on average on an average Tuesday with 0.82%. However, the uncertainty of this increase is high. The expected change in value of the IOTA on a Tuesday is between -1.81% and 3.46% (see also the table below).

On an average Wednesday the IOTA shows an increase in value of 1.25%. However, the change of IOTA on most of the Wednesdays is between -3.10% and 5.60%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying IOTAs.

It is hard to tell whether the IOTA will increase or decrease in value on an average Thursday. The average change on a Thursday for the IOTA is -0.23%. However, the standard deviation on this weekday is 2.51%. This means that on most Thursdays, the change in value of the IOTA is between -2.74% and 2.28%.

Allthough the IOTA decreases in value with -0.48% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of IOTA on Fridays is 3.21%. This means that the expected change of the value of IOTA is between -3.68% and 2.73% on 68 out of 100 Fridays.

IOTA increased in value on an average Saturday only slightly. The average increase in value of the IOTA was 0.15%. Allthough the IOTA closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (2.24%). This means that on 68 percent of the Saturdays, the change in price of the IOTA is expected to be in the range of -2.09% and 2.39%.

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 -0.11% 1.45% -1.56% to 1.35%
Monday 1.34% 4.99% -3.64% to 6.33%
Tuesday 0.82% 2.63% -1.81% to 3.46%
Wednesday 1.25% 4.35% -3.10% to 5.60%
Thursday -0.23% 2.51% -2.74% to 2.28%
Friday -0.48% 3.21% -3.68% to 2.73%
Saturday 0.15% 2.24% -2.09% to 2.39%
 

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