Loopring (LRC)

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Daily analysis of Loopring (LRC) - 1 month

The performance of Loopring regarding the price differs every day. To make the best decision to buy Loopring, we are analysis in this article the performance of Loopring on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on March 25th, 2024 to April 25th, 2024.

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

Average daily change in price of Loopring per weekday between 03/25/2024 and 04/25/2024.

According to the performance of Loopring between March 25th, 2024 and April 25th, 2024, Loopring performed the best on Mondays. On average, the price of Loopring increased 0.64% on Monday.

The weekday on which the Loopring performed the worst, is Wednesday. On Wednesdays, the Loopring declined in value on average by -1.15%.

Loopring weekday performance

On an average Sunday, the Loopring increased 0.31%. However, since the expected deviation is 1.07%, the Loopring will decline in value on a Sunday quiet regularly. The expected price change of the Loopring on a Sunday is between -0.76% and 1.38%.

Historical performance on Monday do not show an increase in value of the Loopring on which a prediction can be made. The Loopring increased in value on average on an average Monday with 0.64%. However, the uncertainty of this increase is high. The expected change in value of the Loopring on a Monday is between -1.10% and 2.38% (see also the table below).

It is hard to tell whether the Loopring will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Loopring is -0.06%. However, the standard deviation on this weekday is 0.24%. This means that on most Tuesdays, the change in value of the Loopring is between -0.30% and 0.18%.

The Loopring declines in value on an average Wednesday with -1.15%. However, the uncertainty (or standard deviation) is quite large, namely 2.30%. This means that it is not possible to say whether on a regular Wednesday the Loopring will increase or decrease in value.

It is hard to tell whether the Loopring will increase or decrease in value on an average Thursday. The average change on a Thursday for the Loopring is -0.03%. However, the standard deviation on this weekday is 0.13%. This means that on most Thursdays, the change in value of the Loopring is between -0.16% and 0.10%.

On Fridays, the Loopring decreases in value on average with -0.66%. On most of the Fridays the Loopring decreases in value between -1.56% and 0.24%. The uncertainty (0.90%) is higher than the average decline percentage (-0.66%). Therefore, expected range of price changes of the Loopring on Fridays is large.

On Saturdays, the Loopring decreases in value on average with -0.74%. On most of the Saturdays the Loopring decreases in value between -1.85% and 0.37%. The uncertainty (1.11%) is higher than the average decline percentage (-0.74%). Therefore, expected range of price changes of the Loopring on Saturdays is large.

Loopring weekday performance details

Find below the details of the performance of Loopring 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 0.31% 1.07% -0.76% to 1.38%
Monday 0.64% 1.74% -1.10% to 2.38%
Tuesday -0.06% 0.24% -0.30% to 0.18%
Wednesday -1.15% 2.30% -3.45% to 1.16%
Thursday -0.03% 0.13% -0.16% to 0.10%
Friday -0.66% 0.90% -1.56% to 0.24%
Saturday -0.74% 1.11% -1.85% to 0.37%
 

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