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 year, starting on June 3rd, 2022 to June 3rd, 2023.
In the barchart below, the weekdays and average performance of ReddCoin are shown side by side.
According to the performance of ReddCoin between June 3rd, 2022 and June 3rd, 2023, ReddCoin performed the best on Thursdays. On average, the price of ReddCoin increased 6.45% on Thursday.
The weekday on which the ReddCoin performed the worst, is Tuesday. On Tuesdays, the ReddCoin declined in value on average by -0.36%.
ReddCoin weekday performance
It is hard to tell whether the ReddCoin will increase or decrease in value on an average Sunday. The average change on a Sunday for the ReddCoin is -0.19%. However, the standard deviation on this weekday is 1.00%. This means that on most Sundays, the change in value of the ReddCoin is between -1.19% and 0.81%.
It is hard to tell whether the ReddCoin will increase or decrease in value on an average Monday. The average change on a Monday for the ReddCoin is -0.27%. However, the standard deviation on this weekday is 1.12%. This means that on most Mondays, the change in value of the ReddCoin is between -1.39% and 0.85%.
Allthough the ReddCoin decreases in value with -0.36% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of ReddCoin on Tuesdays is 1.74%. This means that the expected change of the value of ReddCoin is between -2.10% and 1.39% on 68 out of 100 Tuesdays.
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 -0.29%. However, the standard deviation on this weekday is 1.19%. This means that on most Wednesdays, the change in value of the ReddCoin is between -1.48% and 0.90%.
The increase in value of the ReddCoin is 6.45% 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 48.15%. This means that the expected range of value change for the ReddCoin is -41.70% and 54.60% on 68% of the Thursdays.
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 -0.21%. However, the standard deviation on this weekday is 2.10%. This means that on most Fridays, the change in value of the ReddCoin is between -2.32% and 1.89%.
Historical performance on Saturday 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 Saturday with 0.95%. However, the uncertainty of this increase is high. The expected change in value of the ReddCoin on a Saturday is between -6.55% and 8.46% (see also the table below).
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 | -0.19% | 1.00% | -1.19% to 0.81% |
| Monday | -0.27% | 1.12% | -1.39% to 0.85% |
| Tuesday | -0.36% | 1.74% | -2.10% to 1.39% |
| Wednesday | -0.29% | 1.19% | -1.48% to 0.90% |
| Thursday | 6.45% | 48.15% | -41.70% to 54.60% |
| Friday | -0.21% | 2.10% | -2.32% to 1.89% |
| Saturday | 0.95% | 7.50% | -6.55% to 8.46% |