Monero (XMR)

Current price: $ 233.10

24 hours price change: $ -3.07 (-1.30%)

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 November 2nd, 2021 to December 2nd, 2021.

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 11/02/2021 and 12/02/2021.

According to the performance of Monero between November 2nd, 2021 and December 2nd, 2021, Monero performed the best on Saturdays. On average, the price of Monero increased 1.14% on Saturday.

The weekday on which the Monero performed the worst, is Tuesday. On Tuesdays, the Monero declined in value on average by -2.23%.

Monero weekday performance

Monero increased in value on an average Sunday 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 (1.14%). This means that on 68 percent of the Sundays, the change in price of the Monero is expected to be in the range of -0.85% and 1.43%.

Monero increased in value on an average Monday only slightly. The average increase in value of the Monero was 0.18%. 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 (0.47%). This means that on 68 percent of the Mondays, the change in price of the Monero is expected to be in the range of -0.30% and 0.65%.

The Monero declines in value on an average Tuesday with -2.23%. However, the uncertainty (or standard deviation) is quite large, namely 4.02%. This means that it is not possible to say whether on a regular Tuesday the Monero will increase or decrease in value.

Monero increased in value on an average Wednesday only slightly. The average increase in value of the Monero was 0.17%. 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 (0.65%). This means that on 68 percent of the Wednesdays, the change in price of the Monero is expected to be in the range of -0.47% and 0.82%.

The Monero declines in value on an average Thursday with -1.23%. However, the uncertainty (or standard deviation) is quite large, namely 2.61%. This means that it is not possible to say whether on a regular Thursday the Monero will increase or decrease in value.

On an average Friday the Monero shows an increase in value of 1.04%. However, the change of Monero on most of the Fridays is between -1.42% and 3.50%. Therefore it is hard to tell whether an average Friday is a good day to start buying Moneros.

On an average Saturday the Monero shows a high increase in value, namely 1.14%. The standard deviation is below the average increase percentage (standard deviation is 1.09%), meaning that on 68% of the Saturdays the Monero will increase with a percentage between 0.04% and 2.23%. This also means that, on average, on 16 percent of the Saturdays, the Monero will increase with a percentage above this range. On the other 16% of the Saturdays, the Monero will change with a percentage below the 0.04%.

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 0.29% 1.14% -0.85% to 1.43%
Monday 0.18% 0.47% -0.30% to 0.65%
Tuesday -2.23% 4.02% -6.26% to 1.79%
Wednesday 0.17% 0.65% -0.47% to 0.82%
Thursday -1.23% 2.61% -3.84% to 1.38%
Friday 1.04% 2.46% -1.42% to 3.50%
Saturday 1.14% 1.09% 0.04% to 2.23%
 

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