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 6 months, starting on March 28th, 2021 to September 28th, 2021.
In the barchart below, the weekdays and average performance of Steem are shown side by side.
Average daily change in price of Steem per weekday between 03/28/2021 and 09/28/2021.
According to the performance of Steem between March 28th, 2021 and September 28th, 2021, Steem performed the best on Mondays. On average, the price of Steem increased 2.00% on Monday.
The weekday on which the Steem performed the worst, is Friday. On Fridays, the Steem declined in value on average by -0.67%.
Steem weekday performance
On an average Sunday, the Steem increased 0.55%. However, since the expected deviation is 1.69%, the Steem will decline in value on a Sunday quiet regularly. The expected price change of the Steem on a Sunday is between -1.15% and 2.24%.
On an average Monday the Steem shows an increase in value of 2.00%. However, the change of Steem on most of the Mondays is between -3.37% and 7.38%. Therefore it is hard to tell whether an average Monday is a good day to start buying Steems.
On an average Tuesday the Steem shows an increase in value of 1.65%. However, the change of Steem on most of the Tuesdays is between -2.96% and 6.26%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Steems.
On an average Wednesday the Steem shows an increase in value of 1.44%. However, the change of Steem on most of the Wednesdays is between -3.52% and 6.39%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Steems.
Steem increased in value on an average Thursday 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 (2.65%). This means that on 68 percent of the Thursdays, the change in price of the Steem is expected to be in the range of -2.53% and 2.76%.
On Fridays, the Steem decreases in value on average with -0.67%. On most of the Fridays the Steem decreases in value between -3.84% and 2.50%. The uncertainty (3.17%) is higher than the average decline percentage (-0.67%). Therefore, expected range of price changes of the Steem on Fridays is large.
It is hard to tell whether the Steem will increase or decrease in value on an average Saturday. The average change on a Saturday for the Steem is -0.10%. However, the standard deviation on this weekday is 1.64%. This means that on most Saturdays, the change in value of the Steem is between -1.74% and 1.53%.
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 | 0.55% | 1.69% | -1.15% to 2.24% |
| Monday | 2.00% | 5.38% | -3.37% to 7.38% |
| Tuesday | 1.65% | 4.61% | -2.96% to 6.26% |
| Wednesday | 1.44% | 4.95% | -3.52% to 6.39% |
| Thursday | 0.12% | 2.65% | -2.53% to 2.76% |
| Friday | -0.67% | 3.17% | -3.84% to 2.50% |
| Saturday | -0.10% | 1.64% | -1.74% to 1.53% |