ReddCoin (RDD)

Current price: $ 0.000966

24 hours price change: - (-)

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 October 22nd, 2018 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 10/22/2018 and 10/22/2019.

According to the performance of ReddCoin between October 22nd, 2018 and October 22nd, 2019, ReddCoin performed the best on Tuesdays. On average, the price of ReddCoin increased 1.19% on Tuesday.

The weekday on which the ReddCoin performed the worst, is Sunday. On Sundays, the ReddCoin declined in value on average by -1.37%.

ReddCoin weekday performance

The ReddCoin declines in value on an average Sunday with -1.37%. However, the uncertainty (or standard deviation) is quite large, namely 6.17%. 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 increased 0.37%. However, since the expected deviation is 5.93%, the ReddCoin will decline in value on a Monday quiet regularly. The expected price change of the ReddCoin on a Monday is between -5.56% and 6.30%.

On an average Tuesday the ReddCoin shows an increase in value of 1.19%. However, the change of ReddCoin on most of the Tuesdays is between -6.73% and 9.12%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying ReddCoins.

The ReddCoin declines in value on an average Wednesday with -1.24%. However, the uncertainty (or standard deviation) is quite large, namely 5.82%. This means that it is not possible to say whether on a regular Wednesday the ReddCoin will increase or decrease in value.

Historical performance on Thursday 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 Thursday with 0.78%. However, the uncertainty of this increase is high. The expected change in value of the ReddCoin on a Thursday is between -3.95% and 5.50% (see also the table below).

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 -0.25%. However, the standard deviation on this weekday is 4.74%. This means that on most Fridays, the change in value of the ReddCoin is between -4.99% and 4.49%.

On an average Saturday, the ReddCoin increased 0.33%. However, since the expected deviation is 5.05%, the ReddCoin will decline in value on a Saturday quiet regularly. The expected price change of the ReddCoin on a Saturday is between -4.71% and 5.38%.

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 -1.37% 6.17% -7.54% to 4.80%
Monday 0.37% 5.93% -5.56% to 6.30%
Tuesday 1.19% 7.92% -6.73% to 9.12%
Wednesday -1.24% 5.82% -7.06% to 4.59%
Thursday 0.78% 4.72% -3.95% to 5.50%
Friday -0.25% 4.74% -4.99% to 4.49%
Saturday 0.33% 5.05% -4.71% to 5.38%