Polkadot (DOT)

Current price: $ 6.33

24 hours price change: $ 0.24 (3.91%)

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 January 19th, 2024 to July 19th, 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 01/19/2024 and 07/19/2024.

According to the performance of Polkadot between January 19th, 2024 and July 19th, 2024, Polkadot performed the best on Mondays. On average, the price of Polkadot increased 0.32% on Monday.

The weekday on which the Polkadot performed the worst, is Tuesday. On Tuesdays, the Polkadot declined in value on average by -0.62%.

Polkadot weekday performance

Polkadot increased in value on an average Sunday only slightly. The average increase in value of the Polkadot was 0.01%. 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 (1.33%). This means that on 68 percent of the Sundays, the change in price of the Polkadot is expected to be in the range of -1.32% and 1.34%.

On an average Monday, the Polkadot increased 0.32%. However, since the expected deviation is 2.17%, the Polkadot will decline in value on a Monday quiet regularly. The expected price change of the Polkadot on a Monday is between -1.85% and 2.49%.

On Tuesdays, the Polkadot decreases in value on average with -0.62%. On most of the Tuesdays the Polkadot decreases in value between -1.95% and 0.71%. The uncertainty (1.33%) is higher than the average decline percentage (-0.62%). Therefore, expected range of price changes of the Polkadot on Tuesdays is large.

Allthough the Polkadot decreases in value with -0.41% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Polkadot on Wednesdays is 1.05%. This means that the expected change of the value of Polkadot is between -1.46% and 0.64% on 68 out of 100 Wednesdays.

Polkadot increased in value on an average Thursday 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 (1.99%). This means that on 68 percent of the Thursdays, the change in price of the Polkadot is expected to be in the range of -1.83% and 2.15%.

It is hard to tell whether the Polkadot will increase or decrease in value on an average Friday. The average change on a Friday for the Polkadot is -0.04%. However, the standard deviation on this weekday is 0.71%. This means that on most Fridays, the change in value of the Polkadot is between -0.75% and 0.67%.

Polkadot increased in value on an average Saturday only slightly. The average increase in value of the Polkadot was 0.00%. 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 (0.89%). This means that on 68 percent of the Saturdays, the change in price of the Polkadot is expected to be in the range of -0.88% and 0.89%.

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 0.01% 1.33% -1.32% to 1.34%
Monday 0.32% 2.17% -1.85% to 2.49%
Tuesday -0.62% 1.33% -1.95% to 0.71%
Wednesday -0.41% 1.05% -1.46% to 0.64%
Thursday 0.16% 1.99% -1.83% to 2.15%
Friday -0.04% 0.71% -0.75% to 0.67%
Saturday 0.00% 0.89% -0.88% to 0.89%
 

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