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 October 19th, 2020 to April 19th, 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 10/19/2020 and 04/19/2021.
According to the performance of MonaCoin between October 19th, 2020 and April 19th, 2021, MonaCoin performed the best on Thursdays. On average, the price of MonaCoin increased 1.01% on Thursday.
The weekday on which the MonaCoin performed the worst, is Tuesday. On Tuesdays, the MonaCoin declined in value on average by -0.63%.
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 -0.29%. However, the standard deviation on this weekday is 2.60%. This means that on most Sundays, the change in value of the MonaCoin is between -2.89% and 2.31%.
It is hard to tell whether the MonaCoin will increase or decrease in value on an average Monday. The average change on a Monday for the MonaCoin is -0.18%. However, the standard deviation on this weekday is 1.26%. This means that on most Mondays, the change in value of the MonaCoin is between -1.44% and 1.07%.
On Tuesdays, the MonaCoin decreases in value on average with -0.63%. On most of the Tuesdays the MonaCoin decreases in value between -3.32% and 2.07%. The uncertainty (2.69%) is higher than the average decline percentage (-0.63%). Therefore, expected range of price changes of the MonaCoin on Tuesdays is large.
MonaCoin increased in value on an average Wednesday only slightly. The average increase in value of the MonaCoin was 0.28%. 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 (2.28%). This means that on 68 percent of the Wednesdays, the change in price of the MonaCoin is expected to be in the range of -2.00% and 2.56%.
On an average Thursday the MonaCoin shows an increase in value of 1.01%. However, the change of MonaCoin on most of the Thursdays is between -2.57% and 4.59%. Therefore it is hard to tell whether an average Thursday is a good day to start buying MonaCoins.
MonaCoin increased in value on an average Friday 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 (2.31%). This means that on 68 percent of the Fridays, the change in price of the MonaCoin is expected to be in the range of -2.24% and 2.38%.
MonaCoin increased in value on an average Saturday 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 (3.09%). This means that on 68 percent of the Saturdays, the change in price of the MonaCoin is expected to be in the range of -3.02% and 3.16%.
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 | -0.29% | 2.60% | -2.89% to 2.31% |
| Monday | -0.18% | 1.26% | -1.44% to 1.07% |
| Tuesday | -0.63% | 2.69% | -3.32% to 2.07% |
| Wednesday | 0.28% | 2.28% | -2.00% to 2.56% |
| Thursday | 1.01% | 3.58% | -2.57% to 4.59% |
| Friday | 0.07% | 2.31% | -2.24% to 2.38% |
| Saturday | 0.07% | 3.09% | -3.02% to 3.16% |