Monero (XMR)

Current price: $ 52.39

24 hours price change: $ -0.010000 (-0.02%)

Daily analysis of Monero (XMR) - all

The performance of Monero regarding the price differs every day. To make the best decision to buy Monero, we are analysis in this article the performance of Monero on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last years, starting on January 28th, 2015 to December 14th, 2019.

In the barchart below, the weekdays and average performance of Monero are shown side by side.

Average daily change in price of Monero per weekday between 01/28/2015 and 12/14/2019.

According to the performance of Monero between January 28th, 2015 and December 14th, 2019, Monero performed the best on Fridays. On average, the price of Monero increased 3.07% on Friday.

The weekday on which the Monero performed the worst, is Monday. On Mondays, the Monero declined in value on average by -0.17%.

Monero weekday performance

On an average Sunday the Monero shows an increase in value of 1.92%. However, the change of Monero on most of the Sundays is between -15.39% and 19.24%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Moneros.

It is hard to tell whether the Monero will increase or decrease in value on an average Monday. The average change on a Monday for the Monero is -0.17%. However, the standard deviation on this weekday is 13.20%. This means that on most Mondays, the change in value of the Monero is between -13.37% and 13.03%.

On an average Tuesday the Monero shows an increase in value of 1.43%. However, the change of Monero on most of the Tuesdays is between -16.14% and 19.01%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Moneros.

On an average Wednesday the Monero shows an increase in value of 1.57%. However, the change of Monero on most of the Wednesdays is between -17.23% and 20.38%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Moneros.

On an average Thursday the Monero shows an increase in value of 1.24%. However, the change of Monero on most of the Thursdays is between -15.84% and 18.31%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Moneros.

The increase in value of the Monero is 3.07% on an average Friday. However, the uncertainty on the average change is high for the Monero on Fridays. This is the reason why an expected increase of the Monero on an average Friday cannot be predicted. The standard deviation for Monero on Fridays is high, namely 18.93%. This means that the expected range of value change for the Monero is -15.87% and 22.00% on 68% of the Fridays.

Monero increased in value on an average Saturday only slightly. The average increase in value of the Monero was 0.27%. Allthough the Monero closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (11.83%). This means that on 68 percent of the Saturdays, the change in price of the Monero is expected to be in the range of -11.56% and 12.10%.

Monero weekday performance details

Find below the details of the performance of Monero 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 1.92% 17.31% -15.39% to 19.24%
Monday -0.17% 13.20% -13.37% to 13.03%
Tuesday 1.43% 17.57% -16.14% to 19.01%
Wednesday 1.57% 18.80% -17.23% to 20.38%
Thursday 1.24% 17.07% -15.84% to 18.31%
Friday 3.07% 18.93% -15.87% to 22.00%
Saturday 0.27% 11.83% -11.56% to 12.10%