ReddCoin (RDD)

Current price: $ 0.002510

24 hours price change: $ -0.000340 (-11.92%)

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 December 13th, 2020 to June 13th, 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 12/13/2020 and 06/13/2021.

According to the performance of ReddCoin between December 13th, 2020 and June 13th, 2021, ReddCoin performed the best on Thursdays. On average, the price of ReddCoin increased 6.00% on Thursday.

The weekday on which the ReddCoin performed the worst, is Tuesday. On Tuesdays, the ReddCoin declined in value on average by -1.46%.

ReddCoin weekday performance

On an average Sunday the ReddCoin shows an increase in value of 2.79%. However, the change of ReddCoin on most of the Sundays is between -12.52% and 18.10%. Therefore it is hard to tell whether an average Sunday is a good day to start buying ReddCoins.

On Mondays, the ReddCoin decreases in value on average with -0.80%. On most of the Mondays the ReddCoin decreases in value between -13.02% and 11.42%. The uncertainty (12.22%) is higher than the average decline percentage (-0.80%). Therefore, expected range of price changes of the ReddCoin on Mondays is large.

The ReddCoin declines in value on an average Tuesday with -1.46%. However, the uncertainty (or standard deviation) is quite large, namely 9.86%. This means that it is not possible to say whether on a regular Tuesday the ReddCoin will increase or decrease in value.

On Wednesdays, the ReddCoin decreases in value on average with -0.94%. On most of the Wednesdays the ReddCoin decreases in value between -5.72% and 3.85%. The uncertainty (4.79%) is higher than the average decline percentage (-0.94%). Therefore, expected range of price changes of the ReddCoin on Wednesdays is large.

The increase in value of the ReddCoin is 6.00% 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 27.67%. This means that the expected range of value change for the ReddCoin is -21.67% and 33.67% on 68% of the Thursdays.

The increase in value of the ReddCoin is 3.54% 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 8.86%. This means that the expected range of value change for the ReddCoin is -5.32% and 12.40% on 68% of the Fridays.

On an average Saturday, the ReddCoin increased 0.31%. However, since the expected deviation is 7.91%, the ReddCoin will decline in value on a Saturday quiet regularly. The expected price change of the ReddCoin on a Saturday is between -7.60% and 8.22%.

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 2.79% 15.31% -12.52% to 18.10%
Monday -0.80% 12.22% -13.02% to 11.42%
Tuesday -1.46% 9.86% -11.31% to 8.40%
Wednesday -0.94% 4.79% -5.72% to 3.85%
Thursday 6.00% 27.67% -21.67% to 33.67%
Friday 3.54% 8.86% -5.32% to 12.40%
Saturday 0.31% 7.91% -7.60% to 8.22%
 

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