Ravencoin (RVN)

Current price: $ 0.03

24 hours price change: $ 0.000758 (2.27%)

Daily analysis of Ravencoin (RVN) - 1 month

The performance of Ravencoin regarding the price differs every day. To make the best decision to buy Ravencoin, we are analysis in this article the performance of Ravencoin on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on March 24th, 2024 to April 24th, 2024.

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

Average daily change in price of Ravencoin per weekday between 03/24/2024 and 04/24/2024.

According to the performance of Ravencoin between March 24th, 2024 and April 24th, 2024, Ravencoin performed the best on Saturdays. On average, the price of Ravencoin increased 7.53% on Saturday.

The weekday on which the Ravencoin performed the worst, is Wednesday. On Wednesdays, the Ravencoin declined in value on average by -2.38%.

Ravencoin weekday performance

Allthough the Ravencoin decreases in value with -0.43% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Ravencoin on Sundays is 1.35%. This means that the expected change of the value of Ravencoin is between -1.78% and 0.91% on 68 out of 100 Sundays.

On an average Monday the Ravencoin shows an increase in value of 1.40%. However, the change of Ravencoin on most of the Mondays is between -1.59% and 4.39%. Therefore it is hard to tell whether an average Monday is a good day to start buying Ravencoins.

The increase in value of the Ravencoin is 6.73% on an average Tuesday. However, the uncertainty on the average change is high for the Ravencoin on Tuesdays. This is the reason why an expected increase of the Ravencoin on an average Tuesday cannot be predicted. The standard deviation for Ravencoin on Tuesdays is high, namely 13.55%. This means that the expected range of value change for the Ravencoin is -6.82% and 20.29% on 68% of the Tuesdays.

The Ravencoin declines in value on an average Wednesday with -2.38%. However, the uncertainty (or standard deviation) is quite large, namely 4.77%. This means that it is not possible to say whether on a regular Wednesday the Ravencoin will increase or decrease in value.

On an average Thursday the Ravencoin shows an increase in value of 1.20%. However, the change of Ravencoin on most of the Thursdays is between -0.96% and 3.37%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Ravencoins.

The increase in value of the Ravencoin is 6.03% on an average Friday. However, the uncertainty on the average change is high for the Ravencoin on Fridays. This is the reason why an expected increase of the Ravencoin on an average Friday cannot be predicted. The standard deviation for Ravencoin on Fridays is high, namely 10.57%. This means that the expected range of value change for the Ravencoin is -4.53% and 16.60% on 68% of the Fridays.

The increase in value of the Ravencoin is 7.53% on an average Saturday. However, the uncertainty on the average change is high for the Ravencoin on Saturdays. This is the reason why an expected increase of the Ravencoin on an average Saturday cannot be predicted. The standard deviation for Ravencoin on Saturdays is high, namely 13.08%. This means that the expected range of value change for the Ravencoin is -5.55% and 20.61% on 68% of the Saturdays.

Ravencoin weekday performance details

Find below the details of the performance of Ravencoin 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 -0.43% 1.35% -1.78% to 0.91%
Monday 1.40% 2.99% -1.59% to 4.39%
Tuesday 6.73% 13.55% -6.82% to 20.29%
Wednesday -2.38% 4.77% -7.15% to 2.38%
Thursday 1.20% 2.16% -0.96% to 3.37%
Friday 6.03% 10.57% -4.53% to 16.60%
Saturday 7.53% 13.08% -5.55% to 20.61%
 

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