The performance of Synthetix Network Token regarding the price differs every day. To make the best decision to buy Synthetix Network Token, we are analysis in this article the performance of Synthetix Network Token on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 6 months, starting on December 3rd, 2022 to June 3rd, 2023.
In the barchart below, the weekdays and average performance of Synthetix Network Token are shown side by side.
According to the performance of Synthetix Network Token between December 3rd, 2022 and June 3rd, 2023, Synthetix Network Token performed the best on Mondays. On average, the price of Synthetix Network Token increased 0.34% on Monday.
The weekday on which the Synthetix Network Token performed the worst, is Thursday. On Thursdays, the Synthetix Network Token declined in value on average by -0.31%.
Synthetix Network Token weekday performance
Synthetix Network Token increased in value on an average Sunday only slightly. The average increase in value of the Synthetix Network Token was 0.02%. Allthough the Synthetix Network Token closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.74%). This means that on 68 percent of the Sundays, the change in price of the Synthetix Network Token is expected to be in the range of -0.71% and 0.76%.
On an average Monday, the Synthetix Network Token increased 0.34%. However, since the expected deviation is 1.23%, the Synthetix Network Token will decline in value on a Monday quiet regularly. The expected price change of the Synthetix Network Token on a Monday is between -0.88% and 1.57%.
Synthetix Network Token increased in value on an average Tuesday only slightly. The average increase in value of the Synthetix Network Token was 0.02%. Allthough the Synthetix Network Token closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.77%). This means that on 68 percent of the Tuesdays, the change in price of the Synthetix Network Token is expected to be in the range of -0.74% and 0.79%.
It is hard to tell whether the Synthetix Network Token will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Synthetix Network Token is -0.09%. However, the standard deviation on this weekday is 0.78%. This means that on most Wednesdays, the change in value of the Synthetix Network Token is between -0.86% and 0.69%.
Allthough the Synthetix Network Token decreases in value with -0.31% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Synthetix Network Token on Thursdays is 0.87%. This means that the expected change of the value of Synthetix Network Token is between -1.18% and 0.56% on 68 out of 100 Thursdays.
It is hard to tell whether the Synthetix Network Token will increase or decrease in value on an average Friday. The average change on a Friday for the Synthetix Network Token is -0.22%. However, the standard deviation on this weekday is 1.06%. This means that on most Fridays, the change in value of the Synthetix Network Token is between -1.28% and 0.85%.
Synthetix Network Token increased in value on an average Saturday only slightly. The average increase in value of the Synthetix Network Token was 0.18%. Allthough the Synthetix Network Token closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.69%). This means that on 68 percent of the Saturdays, the change in price of the Synthetix Network Token is expected to be in the range of -0.51% and 0.87%.
Synthetix Network Token weekday performance details
Find below the details of the performance of Synthetix Network Token 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 | 0.02% | 0.74% | -0.71% to 0.76% |
| Monday | 0.34% | 1.23% | -0.88% to 1.57% |
| Tuesday | 0.02% | 0.77% | -0.74% to 0.79% |
| Wednesday | -0.09% | 0.78% | -0.86% to 0.69% |
| Thursday | -0.31% | 0.87% | -1.18% to 0.56% |
| Friday | -0.22% | 1.06% | -1.28% to 0.85% |
| Saturday | 0.18% | 0.69% | -0.51% to 0.87% |