The performance of Polkadot regarding the price differs every day. To make the best decision to buy Polkadot, we are analysis in this article the performance of Polkadot on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on November 10th, 2023 to December 10th, 2023.
In the barchart below, the weekdays and average performance of Polkadot are shown side by side.
According to the performance of Polkadot between November 10th, 2023 and December 10th, 2023, Polkadot performed the best on Saturdays. On average, the price of Polkadot increased 1.60% on Saturday.
The weekday on which the Polkadot performed the worst, is Tuesday. On Tuesdays, the Polkadot declined in value on average by -0.04%.
Polkadot weekday performance
On an average Sunday, the Polkadot increased 0.44%. However, since the expected deviation is 1.11%, the Polkadot will decline in value on a Sunday quiet regularly. The expected price change of the Polkadot on a Sunday is between -0.67% and 1.54%.
The average increase of the Polkadot on an average Monday is 0.35%. This is a small increase, however, the expected change of the Polkadot in 95% of the Mondays is 0.08% and 0.61%. This means that only on 2.5% (or slightly over 1 Monday per year) the expected change of the Polkadot is below 0.08%. On the other hand, you would not have to expect that the change on a single Monday will be above 0.61%. This will also only happen on 2.5% of the Mondays. On 68% of the Mondays, the increase of the Polkadot will be in the range of 0.21% and 0.48%.
It is hard to tell whether the Polkadot will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Polkadot is -0.04%. However, the standard deviation on this weekday is 0.92%. This means that on most Tuesdays, the change in value of the Polkadot is between -0.96% and 0.88%.
The expected range of change of the Polkadot for an average Wednesday is between 0.39% and 1.38%. This is the result of an average increase in value of 0.89% and a standard deviation of %STANDARD_DEVIATION%}. This expected increase of value is calculated over the last 1 month.
On an average Thursday, the Polkadot increased 0.32%. However, since the expected deviation is 0.61%, the Polkadot will decline in value on a Thursday quiet regularly. The expected price change of the Polkadot on a Thursday is between -0.30% and 0.93%.
Polkadot increased in value on an average Friday only slightly. The average increase in value of the Polkadot was 0.05%. Allthough the Polkadot closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.64%). This means that on 68 percent of the Fridays, the change in price of the Polkadot is expected to be in the range of -0.59% and 0.69%.
On an average Saturday the Polkadot shows an increase in value of 1.60%. However, the change of Polkadot on most of the Saturdays is between -1.96% and 5.15%. Therefore it is hard to tell whether an average Saturday is a good day to start buying Polkadots.
Polkadot weekday performance details
Find below the details of the performance of Polkadot 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||0.44%||1.11%||-0.67% to 1.54%|
|Monday||0.35%||0.13%||0.21% to 0.48%|
|Tuesday||-0.04%||0.92%||-0.96% to 0.88%|
|Wednesday||0.89%||0.50%||0.39% to 1.38%|
|Thursday||0.32%||0.61%||-0.30% to 0.93%|
|Friday||0.05%||0.64%||-0.59% to 0.69%|
|Saturday||1.60%||3.56%||-1.96% to 5.15%|