MX Token (MX)

Current price: $ 1.03

24 hours price change: $ 0.09 (9.03%)

Daily analysis of MX Token (MX) - 1 month

The performance of MX Token regarding the price differs every day. To make the best decision to buy MX Token, we are analysis in this article the performance of MX Token on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on March 19th, 2021 to April 19th, 2021.

In the barchart below, the weekdays and average performance of MX Token are shown side by side.

Average daily change in price of MX Token per weekday between 03/19/2021 and 04/19/2021.

According to the performance of MX Token between March 19th, 2021 and April 19th, 2021, MX Token performed the best on Tuesdays. On average, the price of MX Token increased 3.29% on Tuesday.

The weekday on which the MX Token performed the worst, is Wednesday. On Wednesdays, the MX Token declined in value on average by -2.24%.

MX Token weekday performance

The average increase of the MX Token on an average Sunday is 0.51%. This is a small increase, however, the expected change of the MX Token in 95% of the Sundays is -0.42% and 1.44%. This means that only on 2.5% (or slightly over 1 Sunday per year) the expected change of the MX Token is below -0.42%. On the other hand, you would not have to expect that the change on a single Sunday will be above 1.44%. This will also only happen on 2.5% of the Sundays. On 68% of the Sundays, the increase of the MX Token will be in the range of 0.04% and 0.97%.

On an average Monday, the MX Token increased 0.41%. However, since the expected deviation is 4.28%, the MX Token will decline in value on a Monday quiet regularly. The expected price change of the MX Token on a Monday is between -3.87% and 4.69%.

The increase in value of the MX Token is 3.29% on an average Tuesday. However, the uncertainty on the average change is high for the MX Token on Tuesdays. This is the reason why an expected increase of the MX Token on an average Tuesday cannot be predicted. The standard deviation for MX Token on Tuesdays is high, namely 5.56%. This means that the expected range of value change for the MX Token is -2.27% and 8.85% on 68% of the Tuesdays.

The MX Token declines in value on an average Wednesday with -2.24%. However, the uncertainty (or standard deviation) is quite large, namely 3.26%. This means that it is not possible to say whether on a regular Wednesday the MX Token will increase or decrease in value.

The MX Token declines in value on an average Thursday with -1.25%. However, the uncertainty (or standard deviation) is quite large, namely 2.57%. This means that it is not possible to say whether on a regular Thursday the MX Token will increase or decrease in value.

On an average Friday the MX Token shows an increase in value of 1.99%. However, the change of MX Token on most of the Fridays is between -2.07% and 6.06%. Therefore it is hard to tell whether an average Friday is a good day to start buying MX Tokens.

Historical performance on Saturday do not show an increase in value of the MX Token on which a prediction can be made. The MX Token increased in value on average on an average Saturday with 0.87%. However, the uncertainty of this increase is high. The expected change in value of the MX Token on a Saturday is between -0.10% and 1.84% (see also the table below).

MX Token weekday performance details

Find below the details of the performance of MX Token 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 0.51% 0.47% 0.04% to 0.97%
Monday 0.41% 4.28% -3.87% to 4.69%
Tuesday 3.29% 5.56% -2.27% to 8.85%
Wednesday -2.24% 3.26% -5.50% to 1.02%
Thursday -1.25% 2.57% -3.82% to 1.32%
Friday 1.99% 4.06% -2.07% to 6.06%
Saturday 0.87% 0.97% -0.10% to 1.84%
 

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