The performance of Steem regarding the price differs every day. To make the best decision to buy Steem, we are analysis in this article the performance of Steem 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, 2020 to October 22nd, 2021.
In the barchart below, the weekdays and average performance of Steem are shown side by side.
According to the performance of Steem between October 22nd, 2020 and October 22nd, 2021, Steem performed the best on Mondays. On average, the price of Steem increased 1.16% on Monday.
The weekday on which the Steem performed the worst, is Saturday. On Saturdays, the Steem rose in value on average by 0.12%. The price still increased on Saturdays, allthough it was the smallest increase of all days on average.
Steem weekday performance
On an average Sunday, the Steem increased 0.45%. However, since the expected deviation is 3.21%, the Steem will decline in value on a Sunday quiet regularly. The expected price change of the Steem on a Sunday is between -2.77% and 3.66%.
On an average Monday the Steem shows an increase in value of 1.16%. However, the change of Steem on most of the Mondays is between -3.12% and 5.43%. Therefore it is hard to tell whether an average Monday is a good day to start buying Steems.
Historical performance on Tuesday do not show an increase in value of the Steem on which a prediction can be made. The Steem increased in value on average on an average Tuesday with 0.91%. However, the uncertainty of this increase is high. The expected change in value of the Steem on a Tuesday is between -3.58% and 5.40% (see also the table below).
Steem increased in value on an average Wednesday only slightly. The average increase in value of the Steem was 0.25%. Allthough the Steem closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (4.31%). This means that on 68 percent of the Wednesdays, the change in price of the Steem is expected to be in the range of -4.06% and 4.56%.
On an average Thursday, the Steem increased 0.33%. However, since the expected deviation is 2.26%, the Steem will decline in value on a Thursday quiet regularly. The expected price change of the Steem on a Thursday is between -1.93% and 2.59%.
Steem increased in value on an average Friday only slightly. The average increase in value of the Steem was 0.25%. Allthough the Steem closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (4.27%). This means that on 68 percent of the Fridays, the change in price of the Steem is expected to be in the range of -4.02% and 4.51%.
Steem increased in value on an average Saturday only slightly. The average increase in value of the Steem was 0.12%. Allthough the Steem closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (2.46%). This means that on 68 percent of the Saturdays, the change in price of the Steem is expected to be in the range of -2.33% and 2.58%.
Steem weekday performance details
Find below the details of the performance of Steem 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 | 0.45% | 3.21% | -2.77% to 3.66% |
| Monday | 1.16% | 4.28% | -3.12% to 5.43% |
| Tuesday | 0.91% | 4.49% | -3.58% to 5.40% |
| Wednesday | 0.25% | 4.31% | -4.06% to 4.56% |
| Thursday | 0.33% | 2.26% | -1.93% to 2.59% |
| Friday | 0.25% | 4.27% | -4.02% to 4.51% |
| Saturday | 0.12% | 2.46% | -2.33% to 2.58% |