ReddCoin (RDD)

Current price: $ 0.000310

24 hours price change: $ 0.000008 (2.65%)

Daily analysis of ReddCoin (RDD) - 1 year

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 January 30th, 2022 to January 30th, 2023.

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 01/30/2022 and 01/30/2023.

According to the performance of ReddCoin between January 30th, 2022 and January 30th, 2023, ReddCoin performed the best on Saturdays. On average, the price of ReddCoin increased 1.31% on Saturday.

The weekday on which the ReddCoin performed the worst, is Monday. On Mondays, the ReddCoin declined in value on average by -0.02%.

ReddCoin weekday performance

ReddCoin increased in value on an average Sunday only slightly. The average increase in value of the ReddCoin was 0.30%. 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 (3.06%). This means that on 68 percent of the Sundays, the change in price of the ReddCoin is expected to be in the range of -2.76% and 3.35%.

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 -0.02%. However, the standard deviation on this weekday is 0.46%. This means that on most Mondays, the change in value of the ReddCoin is between -0.48% and 0.44%.

ReddCoin increased in value on an average Tuesday only slightly. The average increase in value of the ReddCoin was 0.16%. 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 (3.03%). This means that on 68 percent of the Tuesdays, the change in price of the ReddCoin is expected to be in the range of -2.86% and 3.19%.

ReddCoin increased in value on an average Wednesday only slightly. The average increase in value of the ReddCoin was 0.21%. 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 (2.74%). This means that on 68 percent of the Wednesdays, the change in price of the ReddCoin is expected to be in the range of -2.52% and 2.95%.

ReddCoin increased in value on an average Thursday only slightly. The average increase in value of the ReddCoin was 0.03%. 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 (4.04%). This means that on 68 percent of the Thursdays, the change in price of the ReddCoin is expected to be in the range of -4.01% and 4.08%.

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 0.00%. However, the standard deviation on this weekday is 3.38%. This means that on most Fridays, the change in value of the ReddCoin is between -3.38% and 3.38%.

On an average Saturday the ReddCoin shows an increase in value of 1.31%. However, the change of ReddCoin on most of the Saturdays is between -6.48% and 9.10%. Therefore it is hard to tell whether an average Saturday is a good day to start buying ReddCoins.

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 0.30% 3.06% -2.76% to 3.35%
Monday -0.02% 0.46% -0.48% to 0.44%
Tuesday 0.16% 3.03% -2.86% to 3.19%
Wednesday 0.21% 2.74% -2.52% to 2.95%
Thursday 0.03% 4.04% -4.01% to 4.08%
Friday 0.00% 3.38% -3.38% to 3.38%
Saturday 1.31% 7.79% -6.48% to 9.10%
 

About Us

: Financial indicators for cryptocurrencies