ReddCoin (RDD)

Current price: $ 0.004399

24 hours price change: $ -0.000001 (-0.03%)

Daily analysis of ReddCoin (RDD) - 1 month

The performance of ReddCoin regarding the price differs every day. To make the best decision to buy ReddCoin, we are analysis in this article the performance of ReddCoin on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on January 24th, 2021 to February 24th, 2021.

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

Average daily change in price of ReddCoin per weekday between 01/24/2021 and 02/24/2021.

According to the performance of ReddCoin between January 24th, 2021 and February 24th, 2021, ReddCoin performed the best on Thursdays. On average, the price of ReddCoin increased 34.91% on Thursday.

The weekday on which the ReddCoin performed the worst, is Monday. On Mondays, the ReddCoin declined in value on average by -8.89%.

ReddCoin weekday performance

Historical performance on Sunday do not show an increase in value of the ReddCoin on which a prediction can be made. The ReddCoin increased in value on average on an average Sunday with 0.79%. However, the uncertainty of this increase is high. The expected change in value of the ReddCoin on a Sunday is between -6.90% and 8.47% (see also the table below).

The decrease in value of the ReddCoin is -8.89% on an average Monday. The uncertainty of the average change is high for the ReddCoin on Mondays. This means that it is hard to tell whether the ReddCoin will decrease or increase in value on an average Monday. If we look at the 68% range of the ReddCoin, we see that on 68% of the Mondays, the expected change of the ReddCoin is between -15.39% and -2.39%.

The decrease in value of the ReddCoin is -7.32% on an average Tuesday. The uncertainty of the average change is high for the ReddCoin on Tuesdays. This means that it is hard to tell whether the ReddCoin will decrease or increase in value on an average Tuesday. If we look at the 68% range of the ReddCoin, we see that on 68% of the Tuesdays, the expected change of the ReddCoin is between -16.20% and 1.56%.

It is hard to tell whether the ReddCoin will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the ReddCoin is -0.12%. However, the standard deviation on this weekday is 7.62%. This means that on most Wednesdays, the change in value of the ReddCoin is between -7.74% and 7.51%.

The increase in value of the ReddCoin is 34.91% on an average Thursday. However, the uncertainty on the average change is high for the ReddCoin on Thursdays. This is the reason why an expected increase of the ReddCoin on an average Thursday cannot be predicted. The standard deviation for ReddCoin on Thursdays is high, namely 60.50%. This means that the expected range of value change for the ReddCoin is -25.59% and 95.41% on 68% of the Thursdays.

The increase in value of the ReddCoin is 5.01% on an average Friday. However, the uncertainty on the average change is high for the ReddCoin on Fridays. This is the reason why an expected increase of the ReddCoin on an average Friday cannot be predicted. The standard deviation for ReddCoin on Fridays is high, namely 8.03%. This means that the expected range of value change for the ReddCoin is -3.03% and 13.04% on 68% of the Fridays.

The decrease in value of the ReddCoin is -3.49% on an average Saturday. The uncertainty of the average change is high for the ReddCoin on Saturdays. This means that it is hard to tell whether the ReddCoin will decrease or increase in value on an average Saturday. If we look at the 68% range of the ReddCoin, we see that on 68% of the Saturdays, the expected change of the ReddCoin is between -8.41% and 1.44%.

ReddCoin weekday performance details

Find below the details of the performance of ReddCoin 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 0.79% 7.68% -6.90% to 8.47%
Monday -8.89% 6.50% -15.39% to -2.39%
Tuesday -7.32% 8.88% -16.20% to 1.56%
Wednesday -0.12% 7.62% -7.74% to 7.51%
Thursday 34.91% 60.50% -25.59% to 95.41%
Friday 5.01% 8.03% -3.03% to 13.04%
Saturday -3.49% 4.92% -8.41% to 1.44%
 

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