Polkadot (DOT)

Current price: $ 6.58

24 hours price change: $ 0.08 (1.29%)

Daily analysis of Polkadot (DOT) - 1 month

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 December 29th, 2022 to January 28th, 2023.

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

Average daily change in price of Polkadot per weekday between 12/29/2022 and 01/28/2023.

According to the performance of Polkadot between December 29th, 2022 and January 28th, 2023, Polkadot performed the best on Mondays. On average, the price of Polkadot increased 1.91% on Monday.

The weekday on which the Polkadot performed the worst, is Wednesday. On Wednesdays, the Polkadot rose in value on average by 0.13%. The price still increased on Wednesdays, allthough it was the smallest increase of all days on average.

Polkadot weekday performance

On an average Sunday, the Polkadot increased 0.38%. However, since the expected deviation is 1.86%, the Polkadot will decline in value on a Sunday quiet regularly. The expected price change of the Polkadot on a Sunday is between -1.49% and 2.24%.

On an average Monday the Polkadot shows an increase in value of 1.91%. However, the change of Polkadot on most of the Mondays is between -0.53% and 4.35%. Therefore it is hard to tell whether an average Monday is a good day to start buying Polkadots.

Polkadot increased in value on an average Tuesday only slightly. The average increase in value of the Polkadot was 0.18%. 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 (0.45%). This means that on 68 percent of the Tuesdays, the change in price of the Polkadot is expected to be in the range of -0.27% and 0.63%.

Polkadot increased in value on an average Wednesday only slightly. The average increase in value of the Polkadot was 0.13%. 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 (0.59%). This means that on 68 percent of the Wednesdays, the change in price of the Polkadot is expected to be in the range of -0.46% and 0.72%.

On an average Thursday, the Polkadot increased 0.41%. However, since the expected deviation is 0.51%, the Polkadot will decline in value on a Thursday quiet regularly. The expected price change of the Polkadot on a Thursday is between -0.10% and 0.93%.

On an average Friday the Polkadot shows an increase in value of 1.36%. However, the change of Polkadot on most of the Fridays is between -1.82% and 4.54%. Therefore it is hard to tell whether an average Friday is a good day to start buying Polkadots.

Historical performance on Saturday do not show an increase in value of the Polkadot on which a prediction can be made. The Polkadot increased in value on average on an average Saturday with 0.63%. However, the uncertainty of this increase is high. The expected change in value of the Polkadot on a Saturday is between -0.02% and 1.28% (see also the table below).

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 0.38% 1.86% -1.49% to 2.24%
Monday 1.91% 2.44% -0.53% to 4.35%
Tuesday 0.18% 0.45% -0.27% to 0.63%
Wednesday 0.13% 0.59% -0.46% to 0.72%
Thursday 0.41% 0.51% -0.10% to 0.93%
Friday 1.36% 3.18% -1.82% to 4.54%
Saturday 0.63% 0.65% -0.02% to 1.28%
 

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