Monero (XMR)

Current price: $ 54.18

24 hours price change: $ -0.71 (-1.29%)

Daily analysis of Monero (XMR) - 1 year

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 year, starting on December 9th, 2018 to December 8th, 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 12/09/2018 and 12/08/2019.

According to the performance of Monero between December 9th, 2018 and December 8th, 2019, Monero performed the best on Sundays. On average, the price of Monero increased 0.33% on Sunday.

The weekday on which the Monero performed the worst, is Wednesday. On Wednesdays, the Monero declined in value on average by -0.25%.

Monero weekday performance

On an average Sunday, the Monero increased 0.33%. However, since the expected deviation is 1.27%, the Monero will decline in value on a Sunday quiet regularly. The expected price change of the Monero on a Sunday is between -0.94% and 1.60%.

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 -0.15%. However, the standard deviation on this weekday is 1.34%. This means that on most Mondays, the change in value of the Monero is between -1.49% and 1.18%.

It is hard to tell whether the Monero will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Monero is -0.10%. However, the standard deviation on this weekday is 0.76%. This means that on most Tuesdays, the change in value of the Monero is between -0.86% and 0.66%.

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 -0.25%. However, the standard deviation on this weekday is 2.03%. This means that on most Wednesdays, the change in value of the Monero is between -2.28% and 1.78%.

Monero increased in value on an average Thursday only slightly. The average increase in value of the Monero was 0.05%. 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 Thursdays, the change in price of the Monero is expected to be in the range of -0.59% and 0.70%.

It is hard to tell whether the Monero will increase or decrease in value on an average Friday. The average change on a Friday for the Monero is -0.04%. However, the standard deviation on this weekday is 0.87%. This means that on most Fridays, the change in value of the Monero is between -0.91% and 0.82%.

Monero increased in value on an average Saturday only slightly. The average increase in value of the Monero was 0.04%. 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 (0.72%). This means that on 68 percent of the Saturdays, the change in price of the Monero is expected to be in the range of -0.68% and 0.76%.

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 0.33% 1.27% -0.94% to 1.60%
Monday -0.15% 1.34% -1.49% to 1.18%
Tuesday -0.10% 0.76% -0.86% to 0.66%
Wednesday -0.25% 2.03% -2.28% to 1.78%
Thursday 0.05% 0.65% -0.59% to 0.70%
Friday -0.04% 0.87% -0.91% to 0.82%
Saturday 0.04% 0.72% -0.68% to 0.76%