MonaCoin (MONA)

Current price: $ 1.47

24 hours price change: $ -0.10 (-6.39%)

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 August 20th, 2021 to September 20th, 2021.

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 08/20/2021 and 09/20/2021.

According to the performance of MonaCoin between August 20th, 2021 and September 20th, 2021, MonaCoin performed the best on Saturdays. On average, the price of MonaCoin increased 0.22% on Saturday.

The weekday on which the MonaCoin performed the worst, is Monday. On Mondays, the MonaCoin declined in value on average by -0.55%.

MonaCoin weekday performance

The MonaCoin will almost not change or only slightly increase in value on an average Sunday. The average change of the MonaCoin on Sundays is 0.05%. The standard deviation of the MonaCoin is 0.05%, which means that in 68% of the Sundays, the range of the change of the MonaCoin is 0.00% and 0.10%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.

Allthough the MonaCoin decreases in value with -0.55% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of MonaCoin on Mondays is 1.23%. This means that the expected change of the value of MonaCoin is between -1.78% and 0.68% on 68 out of 100 Mondays.

MonaCoin increased in value on an average Tuesday only slightly. The average increase in value of the MonaCoin was 0.09%. Allthough the MonaCoin closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.26%). This means that on 68 percent of the Tuesdays, the change in price of the MonaCoin is expected to be in the range of -0.17% and 0.35%.

It is hard to tell whether the MonaCoin will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the MonaCoin is 0.00%. However, the standard deviation on this weekday is 0.33%. This means that on most Wednesdays, the change in value of the MonaCoin is between -0.33% and 0.32%.

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 -0.11%. However, the standard deviation on this weekday is 0.12%. This means that on most Thursdays, the change in value of the MonaCoin is between -0.23% and 0.01%.

MonaCoin increased in value on an average Friday only slightly. The average increase in value of the MonaCoin was 0.02%. Allthough the MonaCoin closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.12%). This means that on 68 percent of the Fridays, the change in price of the MonaCoin is expected to be in the range of -0.10% and 0.15%.

MonaCoin increased in value on an average Saturday only slightly. The average increase in value of the MonaCoin was 0.22%. Allthough the MonaCoin closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.28%). This means that on 68 percent of the Saturdays, the change in price of the MonaCoin is expected to be in the range of -0.06% and 0.50%.

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 0.05% 0.05% 0.00% to 0.10%
Monday -0.55% 1.23% -1.78% to 0.68%
Tuesday 0.09% 0.26% -0.17% to 0.35%
Wednesday 0.00% 0.33% -0.33% to 0.32%
Thursday -0.11% 0.12% -0.23% to 0.01%
Friday 0.02% 0.12% -0.10% to 0.15%
Saturday 0.22% 0.28% -0.06% to 0.50%
 

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