ReddCoin (RDD)

Current price: $ 0.002562

24 hours price change: $ 0.000359 (16.31%)

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 March 28th, 2021 to September 28th, 2021.

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 03/28/2021 and 09/28/2021.

According to the performance of ReddCoin between March 28th, 2021 and September 28th, 2021, ReddCoin performed the best on Sundays. On average, the price of ReddCoin increased 3.35% on Sunday.

The weekday on which the ReddCoin performed the worst, is Thursday. On Thursdays, the ReddCoin rose in value on average by 0.19%. The price still increased on Thursdays, allthough it was the smallest increase of all days on average.

ReddCoin weekday performance

The increase in value of the ReddCoin is 3.35% on an average Sunday. However, the uncertainty on the average change is high for the ReddCoin on Sundays. This is the reason why an expected increase of the ReddCoin on an average Sunday cannot be predicted. The standard deviation for ReddCoin on Sundays is high, namely 12.92%. This means that the expected range of value change for the ReddCoin is -9.57% and 16.27% on 68% of the Sundays.

Historical performance on Monday 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 Monday with 0.98%. However, the uncertainty of this increase is high. The expected change in value of the ReddCoin on a Monday is between -8.53% and 10.50% (see also the table below).

On an average Tuesday the ReddCoin shows an increase in value of 2.09%. However, the change of ReddCoin on most of the Tuesdays is between -6.68% and 10.86%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying ReddCoins.

On an average Wednesday the ReddCoin shows an increase in value of 1.81%. However, the change of ReddCoin on most of the Wednesdays is between -5.90% and 9.52%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying ReddCoins.

ReddCoin increased in value on an average Thursday only slightly. The average increase in value of the ReddCoin was 0.19%. 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 (4.92%). This means that on 68 percent of the Thursdays, the change in price of the ReddCoin is expected to be in the range of -4.73% and 5.11%.

On an average Friday the ReddCoin shows an increase in value of 1.23%. However, the change of ReddCoin on most of the Fridays is between -4.10% and 6.56%. Therefore it is hard to tell whether an average Friday is a good day to start buying ReddCoins.

On an average Saturday, the ReddCoin increased 0.48%. However, since the expected deviation is 3.48%, the ReddCoin will decline in value on a Saturday quiet regularly. The expected price change of the ReddCoin on a Saturday is between -3.00% and 3.96%.

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 3.35% 12.92% -9.57% to 16.27%
Monday 0.98% 9.51% -8.53% to 10.50%
Tuesday 2.09% 8.77% -6.68% to 10.86%
Wednesday 1.81% 7.71% -5.90% to 9.52%
Thursday 0.19% 4.92% -4.73% to 5.11%
Friday 1.23% 5.33% -4.10% to 6.56%
Saturday 0.48% 3.48% -3.00% to 3.96%
 

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