Polkadot (DOT)

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Daily analysis of Polkadot (DOT) - 1 year

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 year, starting on June 28th, 2021 to June 27th, 2022.

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 06/28/2021 and 06/27/2022.

According to the performance of Polkadot between June 28th, 2021 and June 27th, 2022, Polkadot performed the best on Wednesdays. On average, the price of Polkadot increased 1.11% on Wednesday.

The weekday on which the Polkadot performed the worst, is Thursday. On Thursdays, the Polkadot declined in value on average by -0.50%.

Polkadot weekday performance

Polkadot increased in value on an average Sunday only slightly. The average increase in value of the Polkadot was 0.23%. 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 (1.94%). This means that on 68 percent of the Sundays, the change in price of the Polkadot is expected to be in the range of -1.71% and 2.16%.

It is hard to tell whether the Polkadot will increase or decrease in value on an average Monday. The average change on a Monday for the Polkadot is -0.18%. However, the standard deviation on this weekday is 2.36%. This means that on most Mondays, the change in value of the Polkadot is between -2.53% and 2.18%.

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 -0.09%. However, the standard deviation on this weekday is 3.83%. This means that on most Tuesdays, the change in value of the Polkadot is between -3.92% and 3.74%.

On an average Wednesday the Polkadot shows an increase in value of 1.11%. However, the change of Polkadot on most of the Wednesdays is between -1.68% and 3.90%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Polkadots.

Allthough the Polkadot decreases in value with -0.50% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Polkadot on Thursdays is 3.31%. This means that the expected change of the value of Polkadot is between -3.81% and 2.81% on 68 out of 100 Thursdays.

Historical performance on Friday 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 Friday with 0.76%. However, the uncertainty of this increase is high. The expected change in value of the Polkadot on a Friday is between -2.43% and 3.94% (see also the table below).

Polkadot increased in value on an average Saturday 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 (2.26%). This means that on 68 percent of the Saturdays, the change in price of the Polkadot is expected to be in the range of -2.13% and 2.39%.

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 0.23% 1.94% -1.71% to 2.16%
Monday -0.18% 2.36% -2.53% to 2.18%
Tuesday -0.09% 3.83% -3.92% to 3.74%
Wednesday 1.11% 2.79% -1.68% to 3.90%
Thursday -0.50% 3.31% -3.81% to 2.81%
Friday 0.76% 3.18% -2.43% to 3.94%
Saturday 0.13% 2.26% -2.13% to 2.39%
 

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