Binance Coin (BNB)

Current price: $ 225.57

24 hours price change: $ 1.39 (0.62%)

Daily analysis of Binance Coin (BNB) - 1 month

The performance of Binance Coin regarding the price differs every day. To make the best decision to buy Binance Coin, we are analysis in this article the performance of Binance Coin on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on February 6th, 2021 to March 6th, 2021.

In the barchart below, the weekdays and average performance of Binance Coin are shown side by side.

Average daily change in price of Binance Coin per weekday between 02/06/2021 and 03/06/2021.

According to the performance of Binance Coin between February 6th, 2021 and March 6th, 2021, Binance Coin performed the best on Thursdays. On average, the price of Binance Coin increased 1.36% on Thursday.

The weekday on which the Binance Coin performed the worst, is Saturday. On Saturdays, the Binance Coin declined in value on average by -2.50%.

Binance Coin weekday performance

Binance Coin increased in value on an average Sunday only slightly. The average increase in value of the Binance Coin was 0.05%. Allthough the Binance Coin closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (5.54%). This means that on 68 percent of the Sundays, the change in price of the Binance Coin is expected to be in the range of -5.50% and 5.59%.

Allthough the Binance Coin decreases in value with -0.56% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Binance Coin on Mondays is 3.87%. This means that the expected change of the value of Binance Coin is between -4.44% and 3.31% on 68 out of 100 Mondays.

Historical performance on Tuesday do not show an increase in value of the Binance Coin on which a prediction can be made. The Binance Coin increased in value on average on an average Tuesday with 0.75%. However, the uncertainty of this increase is high. The expected change in value of the Binance Coin on a Tuesday is between -2.16% and 3.66% (see also the table below).

The Binance Coin declines in value on an average Wednesday with -1.59%. However, the uncertainty (or standard deviation) is quite large, namely 2.10%. This means that it is not possible to say whether on a regular Wednesday the Binance Coin will increase or decrease in value.

On an average Thursday the Binance Coin shows a high increase in value, namely 1.36%. The standard deviation is below the average increase percentage (standard deviation is 1.29%), meaning that on 68% of the Thursdays the Binance Coin will increase with a percentage between 0.06% and 2.65%. This also means that, on average, on 16 percent of the Thursdays, the Binance Coin will increase with a percentage above this range. On the other 16% of the Thursdays, the Binance Coin will change with a percentage below the 0.06%.

The Binance Coin declines in value on an average Friday with -1.43%. However, the uncertainty (or standard deviation) is quite large, namely 4.40%. This means that it is not possible to say whether on a regular Friday the Binance Coin will increase or decrease in value.

The Binance Coin declines in value on an average Saturday with -2.50%. However, the uncertainty (or standard deviation) is quite large, namely 5.46%. This means that it is not possible to say whether on a regular Saturday the Binance Coin will increase or decrease in value.

Binance Coin weekday performance details

Find below the details of the performance of Binance Coin 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 0.05% 5.54% -5.50% to 5.59%
Monday -0.56% 3.87% -4.44% to 3.31%
Tuesday 0.75% 2.91% -2.16% to 3.66%
Wednesday -1.59% 2.10% -3.69% to 0.51%
Thursday 1.36% 1.29% 0.06% to 2.65%
Friday -1.43% 4.40% -5.83% to 2.97%
Saturday -2.50% 5.46% -7.96% to 2.96%
 

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