Monero (XMR)

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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 March 25th, 2024 to April 25th, 2024.

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 03/25/2024 and 04/25/2024.

According to the performance of Monero between March 25th, 2024 and April 25th, 2024, Monero performed the best on Wednesdays. On average, the price of Monero increased 0.33% on Wednesday.

The weekday on which the Monero performed the worst, is Tuesday. On Tuesdays, the Monero declined in value on average by -1.11%.

Monero weekday performance

It is hard to tell whether the Monero will increase or decrease in value on an average Sunday. The average change on a Sunday for the Monero is -0.14%. However, the standard deviation on this weekday is 0.31%. This means that on most Sundays, the change in value of the Monero is between -0.45% and 0.17%.

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 -0.02%. However, the standard deviation on this weekday is 0.25%. This means that on most Mondays, the change in value of the Monero is between -0.27% and 0.23%.

The Monero declines in value on an average Tuesday with -1.11%. However, the uncertainty (or standard deviation) is quite large, namely 2.07%. This means that it is not possible to say whether on a regular Tuesday the Monero will increase or decrease in value.

On an average Wednesday, the Monero increased 0.33%. However, since the expected deviation is 0.88%, the Monero will decline in value on a Wednesday quiet regularly. The expected price change of the Monero on a Wednesday is between -0.54% and 1.21%.

Allthough the Monero decreases in value with -0.43% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Monero on Thursdays is 0.80%. This means that the expected change of the value of Monero is between -1.23% and 0.37% on 68 out of 100 Thursdays.

Allthough the Monero decreases in value with -0.39% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Monero on Fridays is 0.81%. This means that the expected change of the value of Monero is between -1.20% and 0.42% on 68 out of 100 Fridays.

On Saturdays, the Monero decreases in value on average with -0.79%. On most of the Saturdays the Monero decreases in value between -1.89% and 0.31%. The uncertainty (1.10%) is higher than the average decline percentage (-0.79%). Therefore, expected range of price changes of the Monero on Saturdays is large.

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 -0.14% 0.31% -0.45% to 0.17%
Monday -0.02% 0.25% -0.27% to 0.23%
Tuesday -1.11% 2.07% -3.18% to 0.96%
Wednesday 0.33% 0.88% -0.54% to 1.21%
Thursday -0.43% 0.80% -1.23% to 0.37%
Friday -0.39% 0.81% -1.20% to 0.42%
Saturday -0.79% 1.10% -1.89% to 0.31%
 

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