ReddCoin (RDD)

Current price: $ 0.000884

24 hours price change: $ -0.000080 (-8.33%)

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 September 22nd, 2019 to October 22nd, 2019.

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 09/22/2019 and 10/22/2019.

According to the performance of ReddCoin between September 22nd, 2019 and October 22nd, 2019, ReddCoin performed the best on Wednesdays. On average, the price of ReddCoin increased 4.74% on Wednesday.

The weekday on which the ReddCoin performed the worst, is Thursday. On Thursdays, the ReddCoin declined in value on average by -2.01%.

ReddCoin weekday performance

The ReddCoin declines in value on an average Sunday with -1.47%. However, the uncertainty (or standard deviation) is quite large, namely 6.10%. This means that it is not possible to say whether on a regular Sunday the ReddCoin will increase or decrease in value.

On an average Monday the ReddCoin shows an increase in value of 2.04%. However, the change of ReddCoin on most of the Mondays is between -3.74% and 7.83%. Therefore it is hard to tell whether an average Monday is a good day to start buying ReddCoins.

The ReddCoin declines in value on an average Tuesday with -1.58%. However, the uncertainty (or standard deviation) is quite large, namely 2.94%. This means that it is not possible to say whether on a regular Tuesday the ReddCoin will increase or decrease in value.

On Wednesdays, the average increase of the value of the ReddCoin is very high. The average increase is 4.74%. The standard deviation of the ReddCoin on Wednesdays is 3.83%. This means that on 68% of the Wednesdays, the ReddCoin increases between 0.92% and 8.57%. The uncertainty is therefore not very high, since on most Wednesdays, the value of the ReddCoin will increase.

The ReddCoin declines in value on an average Thursday with -2.01%. However, the uncertainty (or standard deviation) is quite large, namely 3.20%. This means that it is not possible to say whether on a regular Thursday the ReddCoin will increase or decrease in value.

It is hard to tell whether the ReddCoin will increase or decrease in value on an average Friday. The average change on a Friday for the ReddCoin is -0.22%. However, the standard deviation on this weekday is 0.22%. This means that on most Fridays, the change in value of the ReddCoin is between -0.45% and 0.00%.

ReddCoin increased in value on an average Saturday only slightly. The average increase in value of the ReddCoin was 0.20%. Allthough the ReddCoin closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (5.45%). This means that on 68 percent of the Saturdays, the change in price of the ReddCoin is expected to be in the range of -5.25% and 5.65%.

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 -1.47% 6.10% -7.57% to 4.63%
Monday 2.04% 5.78% -3.74% to 7.83%
Tuesday -1.58% 2.94% -4.52% to 1.35%
Wednesday 4.74% 3.83% 0.92% to 8.57%
Thursday -2.01% 3.20% -5.21% to 1.19%
Friday -0.22% 0.22% -0.45% to 0.00%
Saturday 0.20% 5.45% -5.25% to 5.65%