Polkadot (DOT)

Current price: -

24 hours price change: - (-)

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 April 22nd, 2024 to May 17th, 2024.

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 04/22/2024 and 05/17/2024.

According to the performance of Polkadot between April 22nd, 2024 and May 17th, 2024, Polkadot performed the best on Wednesdays. On average, the price of Polkadot increased 0.19% on Wednesday.

The weekday on which the Polkadot performed the worst, is Tuesday. On Tuesdays, the Polkadot declined in value on average by -0.60%.

Polkadot weekday performance

Allthough the Polkadot decreases in value with -0.41% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Polkadot on Sundays is 0.56%. This means that the expected change of the value of Polkadot is between -0.97% and 0.15% on 68 out of 100 Sundays.

Allthough the Polkadot decreases in value with -0.50% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Polkadot on Mondays is 0.91%. This means that the expected change of the value of Polkadot is between -1.41% and 0.41% on 68 out of 100 Mondays.

On Tuesdays, the Polkadot decreases in value on average with -0.60%. On most of the Tuesdays the Polkadot decreases in value between -1.69% and 0.48%. The uncertainty (1.08%) is higher than the average decline percentage (-0.60%). Therefore, expected range of price changes of the Polkadot on Tuesdays is large.

The Polkadot will almost not change or only slightly increase in value on an average Wednesday. The average change of the Polkadot on Wednesdays is 0.19%. The standard deviation of the Polkadot is 0.19%, which means that in 68% of the Wednesdays, the range of the change of the Polkadot is 0.00% and 0.38%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.

It is hard to tell whether the Polkadot will increase or decrease in value on an average Thursday. The average change on a Thursday for the Polkadot is -0.03%. However, the standard deviation on this weekday is 0.13%. This means that on most Thursdays, the change in value of the Polkadot is between -0.17% and 0.10%.

Allthough the Polkadot decreases in value with -0.35% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Polkadot on Fridays is 0.65%. This means that the expected change of the value of Polkadot is between -1.00% and 0.29% on 68 out of 100 Fridays.

Polkadot increased in value on an average Saturday only slightly. The average increase in value of the Polkadot was 0.16%. 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 (0.35%). This means that on 68 percent of the Saturdays, the change in price of the Polkadot is expected to be in the range of -0.19% and 0.51%.

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 -0.41% 0.56% -0.97% to 0.15%
Monday -0.50% 0.91% -1.41% to 0.41%
Tuesday -0.60% 1.08% -1.69% to 0.48%
Wednesday 0.19% 0.19% 0.00% to 0.38%
Thursday -0.03% 0.13% -0.17% to 0.10%
Friday -0.35% 0.65% -1.00% to 0.29%
Saturday 0.16% 0.35% -0.19% to 0.51%
 

About Us

: Financial indicators for cryptocurrencies