Monero (XMR)

Current price: $ 49.06

24 hours price change: $ 5.39 (12.34%)

Daily analysis of Monero (XMR) - 6 months

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 6 months, starting on June 19th, 2018 to December 18th, 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 06/19/2018 and 12/18/2018.

According to the performance of Monero between June 19th, 2018 and December 18th, 2018, Monero performed the best on Mondays. On average, the price of Monero increased 0.91% on Monday.

The weekday on which the Monero performed the worst, is Thursday. On Thursdays, the Monero declined in value on average by -0.84%.

Monero weekday performance

Monero increased in value on an average Sunday only slightly. The average increase in value of the Monero was 0.20%. 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 (1.71%). This means that on 68 percent of the Sundays, the change in price of the Monero is expected to be in the range of -1.51% and 1.91%.

Historical performance on Monday 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 Monday with 0.91%. However, the uncertainty of this increase is high. The expected change in value of the Monero on a Monday is between -1.71% and 3.54% (see also the table below).

Monero increased in value on an average Tuesday only slightly. The average increase in value of the Monero was 0.01%. 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 (3.69%). This means that on 68 percent of the Tuesdays, the change in price of the Monero is expected to be in the range of -3.68% and 3.69%.

Allthough the Monero decreases in value with -0.54% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Monero on Wednesdays is 2.22%. This means that the expected change of the value of Monero is between -2.75% and 1.68% on 68 out of 100 Wednesdays.

On Thursdays, the Monero decreases in value on average with -0.84%. On most of the Thursdays the Monero decreases in value between -3.08% and 1.40%. The uncertainty (2.24%) is higher than the average decline percentage (-0.84%). Therefore, expected range of price changes of the Monero on Thursdays is large.

Monero increased in value on an average Friday 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 (3.19%). This means that on 68 percent of the Fridays, the change in price of the Monero is expected to be in the range of -3.14% and 3.24%.

Historical performance on Saturday 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 Saturday with 0.70%. However, the uncertainty of this increase is high. The expected change in value of the Monero on a Saturday is between -0.89% and 2.29% (see also the table below).

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
Sunday0.20%1.71%-1.51% to 1.91%
Monday0.91%2.62%-1.71% to 3.54%
Tuesday0.01%3.69%-3.68% to 3.69%
Wednesday-0.54%2.22%-2.75% to 1.68%
Thursday-0.84%2.24%-3.08% to 1.40%
Friday0.05%3.19%-3.14% to 3.24%
Saturday0.70%1.59%-0.89% to 2.29%