Monero (XMR)

Current price: $ 81.22

24 hours price change: $ -0.62 (-0.76%)

Daily analysis of Monero (XMR) - 1 month

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 1 month, starting on June 16th, 2019 to July 15th, 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 06/16/2019 and 07/15/2019.

According to the performance of Monero between June 16th, 2019 and July 15th, 2019, Monero performed the best on Sundays. On average, the price of Monero increased 0.41% on Sunday.

The weekday on which the Monero performed the worst, is Wednesday. On Wednesdays, the Monero declined in value on average by -0.16%.

Monero weekday performance

The average increase of the Monero on an average Sunday is 0.41%. This is a small increase, however, the expected change of the Monero in 95% of the Sundays is -0.27% and 1.10%. This means that only on 2.5% (or slightly over 1 Sunday per year) the expected change of the Monero is below -0.27%. On the other hand, you would not have to expect that the change on a single Sunday will be above 1.10%. This will also only happen on 2.5% of the Sundays. On 68% of the Sundays, the increase of the Monero will be in the range of 0.07% and 0.76%.

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 -0.03%. However, the standard deviation on this weekday is 0.63%. This means that on most Mondays, the change in value of the Monero is between -0.66% and 0.60%.

Monero increased in value on an average Tuesday only slightly. The average increase in value of the Monero was 0.12%. 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 (0.32%). This means that on 68 percent of the Tuesdays, the change in price of the Monero is expected to be in the range of -0.19% and 0.44%.

It is hard to tell whether the Monero will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Monero is -0.16%. However, the standard deviation on this weekday is 0.34%. This means that on most Wednesdays, the change in value of the Monero is between -0.50% and 0.18%.

Monero increased in value on an average Thursday only slightly. The average increase in value of the Monero was 0.29%. 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 (0.38%). This means that on 68 percent of the Thursdays, the change in price of the Monero is expected to be in the range of -0.08% and 0.67%.

On an average Friday, the Monero increased 0.41%. However, since the expected deviation is 0.64%, the Monero will decline in value on a Friday quiet regularly. The expected price change of the Monero on a Friday is between -0.23% and 1.05%.

It is hard to tell whether the Monero will increase or decrease in value on an average Saturday. The average change on a Saturday for the Monero is -0.04%. However, the standard deviation on this weekday is 0.18%. This means that on most Saturdays, the change in value of the Monero is between -0.22% and 0.14%.

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.

WeekdayAverage change (%)Standard deviation (%)68% range
Sunday0.41%0.34%0.07% to 0.76%
Monday-0.03%0.63%-0.66% to 0.60%
Tuesday0.12%0.32%-0.19% to 0.44%
Wednesday-0.16%0.34%-0.50% to 0.18%
Thursday0.29%0.38%-0.08% to 0.67%
Friday0.41%0.64%-0.23% to 1.05%
Saturday-0.04%0.18%-0.22% to 0.14%