ReddCoin (RDD)

Current price: $ 0.000885

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

Daily analysis of ReddCoin (RDD) - 6 months

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 6 months, starting on April 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 04/22/2019 and 10/22/2019.

According to the performance of ReddCoin between April 22nd, 2019 and October 22nd, 2019, ReddCoin performed the best on Saturdays. On average, the price of ReddCoin increased 0.92% on Saturday.

The weekday on which the ReddCoin performed the worst, is Sunday. On Sundays, the ReddCoin declined in value on average by -0.78%.

ReddCoin weekday performance

On Sundays, the ReddCoin decreases in value on average with -0.78%. On most of the Sundays the ReddCoin decreases in value between -6.61% and 5.05%. The uncertainty (5.83%) is higher than the average decline percentage (-0.78%). Therefore, expected range of price changes of the ReddCoin on Sundays is large.

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 -0.03%. However, the standard deviation on this weekday is 6.90%. This means that on most Mondays, the change in value of the ReddCoin is between -6.93% and 6.87%.

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 -0.19%. However, the standard deviation on this weekday is 7.74%. This means that on most Tuesdays, the change in value of the ReddCoin is between -7.93% and 7.55%.

Historical performance on Wednesday 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 Wednesday with 0.79%. However, the uncertainty of this increase is high. The expected change in value of the ReddCoin on a Wednesday is between -5.19% and 6.77% (see also the table below).

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 0.69%. However, the uncertainty of this increase is high. The expected change in value of the ReddCoin on a Thursday is between -4.03% and 5.42% (see also the table below).

Allthough the ReddCoin decreases in value with -0.55% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of ReddCoin on Fridays is 4.60%. This means that the expected change of the value of ReddCoin is between -5.15% and 4.04% on 68 out of 100 Fridays.

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 0.92%. However, the uncertainty of this increase is high. The expected change in value of the ReddCoin on a Saturday is between -4.77% and 6.60% (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 -0.78% 5.83% -6.61% to 5.05%
Monday -0.03% 6.90% -6.93% to 6.87%
Tuesday -0.19% 7.74% -7.93% to 7.55%
Wednesday 0.79% 5.98% -5.19% to 6.77%
Thursday 0.69% 4.73% -4.03% to 5.42%
Friday -0.55% 4.60% -5.15% to 4.04%
Saturday 0.92% 5.68% -4.77% to 6.60%