ReddCoin (RDD)

Current price: $ 0.000360

24 hours price change: $ 0.000040 (12.51%)

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 November 29th, 2021 to May 29th, 2022.

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 11/29/2021 and 05/29/2022.

According to the performance of ReddCoin between November 29th, 2021 and May 29th, 2022, ReddCoin performed the best on Thursdays. On average, the price of ReddCoin increased 5.76% on Thursday.

The weekday on which the ReddCoin performed the worst, is Sunday. On Sundays, the ReddCoin declined in value on average by -0.04%.

ReddCoin weekday performance

It is hard to tell whether the ReddCoin will increase or decrease in value on an average Sunday. The average change on a Sunday for the ReddCoin is -0.04%. However, the standard deviation on this weekday is 4.96%. This means that on most Sundays, the change in value of the ReddCoin is between -5.00% and 4.92%.

On an average Monday the ReddCoin shows an increase in value of 2.98%. However, the change of ReddCoin on most of the Mondays is between -17.00% and 22.95%. Therefore it is hard to tell whether an average Monday is a good day to start buying ReddCoins.

On an average Tuesday the ReddCoin shows an increase in value of 1.65%. However, the change of ReddCoin on most of the Tuesdays is between -4.32% and 7.63%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying ReddCoins.

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 0.60%. However, the uncertainty of this increase is high. The expected change in value of the ReddCoin on a Wednesday is between -3.04% and 4.24% (see also the table below).

The increase in value of the ReddCoin is 5.76% 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 19.98%. This means that the expected range of value change for the ReddCoin is -14.23% and 25.74% on 68% of the Thursdays.

The increase in value of the ReddCoin is 5.56% on an average Friday. However, the uncertainty on the average change is high for the ReddCoin on Fridays. This is the reason why an expected increase of the ReddCoin on an average Friday cannot be predicted. The standard deviation for ReddCoin on Fridays is high, namely 15.17%. This means that the expected range of value change for the ReddCoin is -9.61% and 20.73% on 68% of the Fridays.

On an average Saturday the ReddCoin shows an increase in value of 2.04%. However, the change of ReddCoin on most of the Saturdays is between -3.85% and 7.93%. 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 -0.04% 4.96% -5.00% to 4.92%
Monday 2.98% 19.98% -17.00% to 22.95%
Tuesday 1.65% 5.97% -4.32% to 7.63%
Wednesday 0.60% 3.64% -3.04% to 4.24%
Thursday 5.76% 19.98% -14.23% to 25.74%
Friday 5.56% 15.17% -9.61% to 20.73%
Saturday 2.04% 5.89% -3.85% to 7.93%
 

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