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 December 1st, 2022 to September 26th, 2023.
In the barchart below, the weekdays and average performance of ReddCoin are shown side by side.
According to the performance of ReddCoin between December 1st, 2022 and September 26th, 2023, ReddCoin performed the best on Thursdays. On average, the price of ReddCoin increased 8.03% on Thursday.
The weekday on which the ReddCoin performed the worst, is Wednesday. On Wednesdays, the ReddCoin declined in value on average by -0.39%.
ReddCoin weekday performance
Allthough the ReddCoin decreases in value with -0.32% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of ReddCoin on Sundays is 1.03%. This means that the expected change of the value of ReddCoin is between -1.35% and 0.71% on 68 out of 100 Sundays.
Allthough the ReddCoin decreases in value with -0.36% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of ReddCoin on Mondays is 1.15%. This means that the expected change of the value of ReddCoin is between -1.51% and 0.79% on 68 out of 100 Mondays.
It is hard to tell whether the ReddCoin will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the ReddCoin is -0.24%. However, the standard deviation on this weekday is 0.93%. This means that on most Tuesdays, the change in value of the ReddCoin is between -1.17% and 0.68%.
Allthough the ReddCoin decreases in value with -0.39% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of ReddCoin on Wednesdays is 1.25%. This means that the expected change of the value of ReddCoin is between -1.64% and 0.86% on 68 out of 100 Wednesdays.
The increase in value of the ReddCoin is 8.03% 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 52.78%. This means that the expected range of value change for the ReddCoin is -44.75% and 60.81% 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 -0.04%. However, the standard deviation on this weekday is 1.25%. This means that on most Fridays, the change in value of the ReddCoin is between -1.29% and 1.22%.
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 (2.43%). This means that on 68 percent of the Saturdays, the change in price of the ReddCoin is expected to be in the range of -2.24% and 2.63%.
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 | -0.32% | 1.03% | -1.35% to 0.71% |
| Monday | -0.36% | 1.15% | -1.51% to 0.79% |
| Tuesday | -0.24% | 0.93% | -1.17% to 0.68% |
| Wednesday | -0.39% | 1.25% | -1.64% to 0.86% |
| Thursday | 8.03% | 52.78% | -44.75% to 60.81% |
| Friday | -0.04% | 1.25% | -1.29% to 1.22% |
| Saturday | 0.20% | 2.43% | -2.24% to 2.63% |