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 6 months, starting on May 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 05/17/2019 and 11/16/2019.
According to the performance of MonaCoin between May 17th, 2019 and November 16th, 2019, MonaCoin performed the best on Thursdays. On average, the price of MonaCoin increased 4.25% on Thursday.
The weekday on which the MonaCoin performed the worst, is Tuesday. On Tuesdays, the MonaCoin declined in value on average by -1.52%.
MonaCoin weekday performance
Historical performance on Sunday 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 Sunday with 0.85%. However, the uncertainty of this increase is high. The expected change in value of the MonaCoin on a Sunday is between -3.49% and 5.19% (see also the table below).
On Mondays, the MonaCoin decreases in value on average with -0.61%. On most of the Mondays the MonaCoin decreases in value between -4.72% and 3.50%. The uncertainty (4.11%) is higher than the average decline percentage (-0.61%). Therefore, expected range of price changes of the MonaCoin on Mondays is large.
The MonaCoin declines in value on an average Tuesday with -1.52%. However, the uncertainty (or standard deviation) is quite large, namely 5.03%. This means that it is not possible to say whether on a regular Tuesday the MonaCoin will increase or decrease in value.
The MonaCoin declines in value on an average Wednesday with -1.14%. However, the uncertainty (or standard deviation) is quite large, namely 3.72%. This means that it is not possible to say whether on a regular Wednesday the MonaCoin will increase or decrease in value.
The increase in value of the MonaCoin is 4.25% on an average Thursday. However, the uncertainty on the average change is high for the MonaCoin on Thursdays. This is the reason why an expected increase of the MonaCoin on an average Thursday cannot be predicted. The standard deviation for MonaCoin on Thursdays is high, namely 19.32%. This means that the expected range of value change for the MonaCoin is -15.07% and 23.58% on 68% of the Thursdays.
On an average Friday the MonaCoin shows an increase in value of 2.26%. However, the change of MonaCoin on most of the Fridays is between -11.00% and 15.51%. 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 -0.97%. On most of the Saturdays the MonaCoin decreases in value between -6.65% and 4.70%. The uncertainty (5.67%) is higher than the average decline percentage (-0.97%). 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 | 0.85% | 4.34% | -3.49% to 5.19% |
| Monday | -0.61% | 4.11% | -4.72% to 3.50% |
| Tuesday | -1.52% | 5.03% | -6.55% to 3.51% |
| Wednesday | -1.14% | 3.72% | -4.86% to 2.58% |
| Thursday | 4.25% | 19.32% | -15.07% to 23.58% |
| Friday | 2.26% | 13.26% | -11.00% to 15.51% |
| Saturday | -0.97% | 5.67% | -6.65% to 4.70% |