MonaCoin (MONA)

Current price: $ 1.05

24 hours price change: $ 0.000855 (0.08%)

Daily analysis of MonaCoin (MONA) - 1 month

The performance of MonaCoin regarding the price differs every day. To make the best decision to buy MonaCoin, we are analysis in this article the performance of MonaCoin on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on October 17th, 2019 to November 16th, 2019.

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

Average daily change in price of MonaCoin per weekday between 10/17/2019 and 11/16/2019.

According to the performance of MonaCoin between October 17th, 2019 and November 16th, 2019, MonaCoin performed the best on Wednesdays. On average, the price of MonaCoin increased 1.11% on Wednesday.

The weekday on which the MonaCoin performed the worst, is Tuesday. On Tuesdays, the MonaCoin declined in value on average by -1.96%.

MonaCoin weekday performance

On an average Sunday, the MonaCoin increased 0.37%. However, since the expected deviation is 0.56%, the MonaCoin will decline in value on a Sunday quiet regularly. The expected price change of the MonaCoin on a Sunday is between -0.19% and 0.92%.

On Mondays, the MonaCoin decreases in value on average with -0.87%. On most of the Mondays the MonaCoin decreases in value between -2.43% and 0.70%. The uncertainty (1.57%) is higher than the average decline percentage (-0.87%). Therefore, expected range of price changes of the MonaCoin on Mondays is large.

The MonaCoin declines in value on an average Tuesday with -1.96%. However, the uncertainty (or standard deviation) is quite large, namely 2.27%. This means that it is not possible to say whether on a regular Tuesday the MonaCoin will increase or decrease in value.

On an average Wednesday the MonaCoin shows a high increase in value, namely 1.11%. The standard deviation is below the average increase percentage (standard deviation is 0.80%), meaning that on 68% of the Wednesdays the MonaCoin will increase with a percentage between 0.31% and 1.91%. This also means that, on average, on 16 percent of the Wednesdays, the MonaCoin will increase with a percentage above this range. On the other 16% of the Wednesdays, the MonaCoin will change with a percentage below the 0.31%.

It is hard to tell whether the MonaCoin will increase or decrease in value on an average Thursday. The average change on a Thursday for the MonaCoin is -0.23%. However, the standard deviation on this weekday is 0.69%. This means that on most Thursdays, the change in value of the MonaCoin is between -0.92% and 0.46%.

On an average Friday the MonaCoin shows an increase in value of 1.01%. However, the change of MonaCoin on most of the Fridays is between -0.38% and 2.40%. Therefore it is hard to tell whether an average Friday is a good day to start buying MonaCoins.

On Saturdays, the MonaCoin decreases in value on average with -0.96%. On most of the Saturdays the MonaCoin decreases in value between -3.18% and 1.26%. The uncertainty (2.22%) is higher than the average decline percentage (-0.96%). Therefore, expected range of price changes of the MonaCoin on Saturdays is large.

MonaCoin weekday performance details

Find below the details of the performance of MonaCoin 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 0.37% 0.56% -0.19% to 0.92%
Monday -0.87% 1.57% -2.43% to 0.70%
Tuesday -1.96% 2.27% -4.22% to 0.31%
Wednesday 1.11% 0.80% 0.31% to 1.91%
Thursday -0.23% 0.69% -0.92% to 0.46%
Friday 1.01% 1.39% -0.38% to 2.40%
Saturday -0.96% 2.22% -3.18% to 1.26%