Polkadot (DOT)

Current price: $ 31.64

24 hours price change: $ -2.31 (-6.80%)

Daily analysis of Polkadot (DOT) - 6 months

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 6 months, starting on March 20th, 2021 to September 20th, 2021.

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 03/20/2021 and 09/20/2021.

According to the performance of Polkadot between March 20th, 2021 and September 20th, 2021, Polkadot performed the best on Thursdays. On average, the price of Polkadot increased 1.10% on Thursday.

The weekday on which the Polkadot performed the worst, is Saturday. On Saturdays, the Polkadot declined in value on average by -1.43%.

Polkadot weekday performance

Polkadot increased in value on an average Sunday only slightly. The average increase in value of the Polkadot was 0.04%. 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 (5.35%). This means that on 68 percent of the Sundays, the change in price of the Polkadot is expected to be in the range of -5.31% and 5.38%.

Historical performance on Monday 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 Monday with 0.64%. However, the uncertainty of this increase is high. The expected change in value of the Polkadot on a Monday is between -9.35% and 10.63% (see also the table below).

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 -0.23%. However, the standard deviation on this weekday is 6.06%. This means that on most Tuesdays, the change in value of the Polkadot is between -6.29% and 5.84%.

Historical performance on Wednesday 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 Wednesday with 0.99%. However, the uncertainty of this increase is high. The expected change in value of the Polkadot on a Wednesday is between -9.54% and 11.52% (see also the table below).

On an average Thursday the Polkadot shows an increase in value of 1.10%. However, the change of Polkadot on most of the Thursdays is between -5.02% and 7.21%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Polkadots.

On an average Friday, the Polkadot increased 0.44%. However, since the expected deviation is 8.08%, the Polkadot will decline in value on a Friday quiet regularly. The expected price change of the Polkadot on a Friday is between -7.64% and 8.52%.

The Polkadot declines in value on an average Saturday with -1.43%. However, the uncertainty (or standard deviation) is quite large, namely 3.99%. This means that it is not possible to say whether on a regular Saturday the Polkadot will increase or decrease in value.

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 0.04% 5.35% -5.31% to 5.38%
Monday 0.64% 9.99% -9.35% to 10.63%
Tuesday -0.23% 6.06% -6.29% to 5.84%
Wednesday 0.99% 10.53% -9.54% to 11.52%
Thursday 1.10% 6.11% -5.02% to 7.21%
Friday 0.44% 8.08% -7.64% to 8.52%
Saturday -1.43% 3.99% -5.42% to 2.56%
 

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