Monero (XMR)

Current price: $ 48.27

24 hours price change: $ 2.53 (5.53%)

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, 2017 to December 8th, 2018.

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 12/09/2017 and 12/08/2018.

According to the performance of Monero between December 9th, 2017 and December 8th, 2018, Monero performed the best on Fridays. On average, the price of Monero increased 0.84% on Friday.

The weekday on which the Monero performed the worst, is Thursday. On Thursdays, the Monero declined in value on average by -0.94%.

Monero weekday performance

On an average Sunday, the Monero increased 0.52%. However, since the expected deviation is 4.70%, the Monero will decline in value on a Sunday quiet regularly. The expected price change of the Monero on a Sunday is between -4.19% and 5.22%.

Allthough the Monero decreases in value with -0.48% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Monero on Mondays is 6.03%. This means that the expected change of the value of Monero is between -6.51% and 5.55% on 68 out of 100 Mondays.

Monero increased in value on an average Tuesday only slightly. The average increase in value of the Monero was 0.26%. 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 (6.75%). This means that on 68 percent of the Tuesdays, the change in price of the Monero is expected to be in the range of -6.49% and 7.02%.

Allthough the Monero decreases in value with -0.48% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Monero on Wednesdays is 6.06%. This means that the expected change of the value of Monero is between -6.53% and 5.58% on 68 out of 100 Wednesdays.

On Thursdays, the Monero decreases in value on average with -0.94%. On most of the Thursdays the Monero decreases in value between -7.37% and 5.48%. The uncertainty (6.42%) is higher than the average decline percentage (-0.94%). Therefore, expected range of price changes of the Monero on Thursdays is large.

Historical performance on Friday do not show an increase in value of the Monero on which a prediction can be made. The Monero increased in value on average on an average Friday with 0.84%. However, the uncertainty of this increase is high. The expected change in value of the Monero on a Friday is between -4.49% and 6.18% (see also the table below).

On an average Saturday, the Monero increased 0.36%. However, since the expected deviation is 3.95%, the Monero will decline in value on a Saturday quiet regularly. The expected price change of the Monero on a Saturday is between -3.59% and 4.31%.

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
Sunday0.52%4.70%-4.19% to 5.22%
Monday-0.48%6.03%-6.51% to 5.55%
Tuesday0.26%6.75%-6.49% to 7.02%
Wednesday-0.48%6.06%-6.53% to 5.58%
Thursday-0.94%6.42%-7.37% to 5.48%
Friday0.84%5.33%-4.49% to 6.18%
Saturday0.36%3.95%-3.59% to 4.31%