Band Protocol (BAND)

Current price: $ 3.46

24 hours price change: $ -0.04 (-1.17%)

Daily analysis of Band Protocol (BAND) - 1 month

The performance of Band Protocol regarding the price differs every day. To make the best decision to buy Band Protocol, we are analysis in this article the performance of Band Protocol on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on December 26th, 2021 to January 26th, 2022.

In the barchart below, the weekdays and average performance of Band Protocol are shown side by side.

Average daily change in price of Band Protocol per weekday between 12/26/2021 and 01/26/2022.

According to the performance of Band Protocol between December 26th, 2021 and January 26th, 2022, Band Protocol performed the best on Wednesdays. On average, the price of Band Protocol increased 1.52% on Wednesday.

The weekday on which the Band Protocol performed the worst, is Friday. On Fridays, the Band Protocol declined in value on average by -0.97%.

Band Protocol weekday performance

Historical performance on Sunday do not show an increase in value of the Band Protocol on which a prediction can be made. The Band Protocol increased in value on average on an average Sunday with 0.82%. However, the uncertainty of this increase is high. The expected change in value of the Band Protocol on a Sunday is between -0.16% and 1.81% (see also the table below).

On Mondays, the Band Protocol decreases in value on average with -0.74%. On most of the Mondays the Band Protocol decreases in value between -1.15% and -0.33%. The uncertainty (0.41%) is higher than the average decline percentage (-0.74%). Therefore, expected range of price changes of the Band Protocol on Mondays is large.

On Tuesdays, the Band Protocol decreases in value on average with -0.62%. On most of the Tuesdays the Band Protocol decreases in value between -1.65% and 0.41%. The uncertainty (1.03%) is higher than the average decline percentage (-0.62%). Therefore, expected range of price changes of the Band Protocol on Tuesdays is large.

On an average Wednesday the Band Protocol shows an increase in value of 1.52%. However, the change of Band Protocol on most of the Wednesdays is between -0.24% and 3.27%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Band Protocols.

Allthough the Band Protocol decreases in value with -0.44% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Band Protocol on Thursdays is 0.71%. This means that the expected change of the value of Band Protocol is between -1.15% and 0.26% on 68 out of 100 Thursdays.

On Fridays, the Band Protocol decreases in value on average with -0.97%. On most of the Fridays the Band Protocol decreases in value between -2.48% and 0.54%. The uncertainty (1.51%) is higher than the average decline percentage (-0.97%). Therefore, expected range of price changes of the Band Protocol on Fridays is large.

On an average Saturday the Band Protocol shows a high increase in value, namely 1.41%. The standard deviation is below the average increase percentage (standard deviation is 0.90%), meaning that on 68% of the Saturdays the Band Protocol will increase with a percentage between 0.52% and 2.31%. This also means that, on average, on 16 percent of the Saturdays, the Band Protocol will increase with a percentage above this range. On the other 16% of the Saturdays, the Band Protocol will change with a percentage below the 0.52%.

Band Protocol weekday performance details

Find below the details of the performance of Band Protocol 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 0.82% 0.98% -0.16% to 1.81%
Monday -0.74% 0.41% -1.15% to -0.33%
Tuesday -0.62% 1.03% -1.65% to 0.41%
Wednesday 1.52% 1.76% -0.24% to 3.27%
Thursday -0.44% 0.71% -1.15% to 0.26%
Friday -0.97% 1.51% -2.48% to 0.54%
Saturday 1.41% 0.90% 0.52% to 2.31%
 

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