MonaCoin (MONA)

Current price: $ 1.11

24 hours price change: $ -0.03 (-2.96%)

Daily analysis of MonaCoin (MONA) - 1 year

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 year, starting on September 22nd, 2018 to September 21st, 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 09/22/2018 and 09/21/2019.

According to the performance of MonaCoin between September 22nd, 2018 and September 21st, 2019, MonaCoin performed the best on Fridays. On average, the price of MonaCoin increased 2.34% on Friday.

The weekday on which the MonaCoin performed the worst, is Wednesday. On Wednesdays, the MonaCoin declined in value on average by -1.97%.

MonaCoin weekday performance

MonaCoin increased in value on an average Sunday only slightly. The average increase in value of the MonaCoin was 0.07%. 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 (6.01%). This means that on 68 percent of the Sundays, the change in price of the MonaCoin is expected to be in the range of -5.93% and 6.08%.

Historical performance on Monday do not show an increase in value of the MonaCoin on which a prediction can be made. The MonaCoin increased in value on average on an average Monday with 0.88%. However, the uncertainty of this increase is high. The expected change in value of the MonaCoin on a Monday is between -6.57% and 8.34% (see also the table below).

Allthough the MonaCoin decreases in value with -0.51% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of MonaCoin on Tuesdays is 5.00%. This means that the expected change of the value of MonaCoin is between -5.51% and 4.49% on 68 out of 100 Tuesdays.

The MonaCoin declines in value on an average Wednesday with -1.97%. However, the uncertainty (or standard deviation) is quite large, namely 3.60%. This means that it is not possible to say whether on a regular Wednesday the MonaCoin will increase or decrease in value.

On an average Thursday the MonaCoin shows an increase in value of 2.03%. However, the change of MonaCoin on most of the Thursdays is between -12.68% and 16.73%. Therefore it is hard to tell whether an average Thursday is a good day to start buying MonaCoins.

On an average Friday the MonaCoin shows an increase in value of 2.34%. However, the change of MonaCoin on most of the Fridays is between -13.21% and 17.88%. Therefore it is hard to tell whether an average Friday is a good day to start buying MonaCoins.

Allthough the MonaCoin decreases in value with -0.43% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of MonaCoin on Saturdays is 5.65%. This means that the expected change of the value of MonaCoin is between -6.08% and 5.22% on 68 out of 100 Saturdays.

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 0.07% 6.01% -5.93% to 6.08%
Monday 0.88% 7.46% -6.57% to 8.34%
Tuesday -0.51% 5.00% -5.51% to 4.49%
Wednesday -1.97% 3.60% -5.57% to 1.63%
Thursday 2.03% 14.71% -12.68% to 16.73%
Friday 2.34% 15.54% -13.21% to 17.88%
Saturday -0.43% 5.65% -6.08% to 5.22%