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 March 22nd, 2019 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 03/22/2019 and 09/21/2019.
According to the performance of MonaCoin between March 22nd, 2019 and September 21st, 2019, MonaCoin performed the best on Fridays. On average, the price of MonaCoin increased 5.19% on Friday.
The weekday on which the MonaCoin performed the worst, is Wednesday. On Wednesdays, the MonaCoin declined in value on average by -2.23%.
MonaCoin weekday performance
It is hard to tell whether the MonaCoin will increase or decrease in value on an average Sunday. The average change on a Sunday for the MonaCoin is -0.14%. However, the standard deviation on this weekday is 5.15%. This means that on most Sundays, the change in value of the MonaCoin is between -5.28% and 5.01%.
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 0.83%. However, the uncertainty of this increase is high. The expected change in value of the MonaCoin on a Monday is between -5.12% and 6.78% (see also the table below).
The MonaCoin declines in value on an average Tuesday with -1.67%. However, the uncertainty (or standard deviation) is quite large, namely 4.58%. 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 -2.23%. However, the uncertainty (or standard deviation) is quite large, namely 3.79%. 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 4.62% 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 19.74%. This means that the expected range of value change for the MonaCoin is -15.11% and 24.36% on 68% of the Thursdays.
The increase in value of the MonaCoin is 5.19% on an average Friday. However, the uncertainty on the average change is high for the MonaCoin on Fridays. This is the reason why an expected increase of the MonaCoin on an average Friday cannot be predicted. The standard deviation for MonaCoin on Fridays is high, namely 20.59%. This means that the expected range of value change for the MonaCoin is -15.41% and 25.78% on 68% of the Fridays.
It is hard to tell whether the MonaCoin will increase or decrease in value on an average Saturday. The average change on a Saturday for the MonaCoin is -0.06%. However, the standard deviation on this weekday is 7.05%. This means that on most Saturdays, the change in value of the MonaCoin is between -7.12% and 6.99%.
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 | -0.14% | 5.15% | -5.28% to 5.01% |
| Monday | 0.83% | 5.95% | -5.12% to 6.78% |
| Tuesday | -1.67% | 4.58% | -6.25% to 2.91% |
| Wednesday | -2.23% | 3.79% | -6.02% to 1.55% |
| Thursday | 4.62% | 19.74% | -15.11% to 24.36% |
| Friday | 5.19% | 20.59% | -15.41% to 25.78% |
| Saturday | -0.06% | 7.05% | -7.12% to 6.99% |