Binance Coin (BNB)

Current price: $ 388.92

24 hours price change: $ 8.98 (2.36%)

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 January 26th, 2024 to February 26th, 2024.

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 01/26/2024 and 02/26/2024.

According to the performance of Binance Coin between January 26th, 2024 and February 26th, 2024, Binance Coin performed the best on Thursdays. On average, the price of Binance Coin increased 0.78% on Thursday.

The weekday on which the Binance Coin performed the worst, is Wednesday. On Wednesdays, the Binance Coin declined in value on average by -0.71%.

Binance Coin weekday performance

It is hard to tell whether the Binance Coin will increase or decrease in value on an average Sunday. The average change on a Sunday for the Binance Coin is -0.15%. However, the standard deviation on this weekday is 0.19%. This means that on most Sundays, the change in value of the Binance Coin is between -0.33% and 0.04%.

Historical performance on Monday 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 Monday with 0.62%. However, the uncertainty of this increase is high. The expected change in value of the Binance Coin on a Monday is between -0.01% and 1.25% (see also the table below).

It is hard to tell whether the Binance Coin will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Binance Coin is -0.16%. However, the standard deviation on this weekday is 0.48%. This means that on most Tuesdays, the change in value of the Binance Coin is between -0.63% and 0.32%.

On Wednesdays, the Binance Coin decreases in value on average with -0.71%. On most of the Wednesdays the Binance Coin decreases in value between -1.70% and 0.28%. The uncertainty (0.99%) is higher than the average decline percentage (-0.71%). Therefore, expected range of price changes of the Binance Coin on Wednesdays is large.

The expected range of change of the Binance Coin for an average Thursday is between 0.24% and 1.32%. This is the result of an average increase in value of 0.78% and a standard deviation of %STANDARD_DEVIATION%}. This expected increase of value is calculated over the last 1 month.

Binance Coin increased in value on an average Friday only slightly. The average increase in value of the Binance Coin was 0.27%. 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 (0.32%). This means that on 68 percent of the Fridays, the change in price of the Binance Coin is expected to be in the range of -0.05% and 0.59%.

On an average Saturday, the Binance Coin increased 0.40%. However, since the expected deviation is 0.49%, the Binance Coin will decline in value on a Saturday quiet regularly. The expected price change of the Binance Coin on a Saturday is between -0.09% and 0.89%.

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 -0.15% 0.19% -0.33% to 0.04%
Monday 0.62% 0.63% -0.01% to 1.25%
Tuesday -0.16% 0.48% -0.63% to 0.32%
Wednesday -0.71% 0.99% -1.70% to 0.28%
Thursday 0.78% 0.54% 0.24% to 1.32%
Friday 0.27% 0.32% -0.05% to 0.59%
Saturday 0.40% 0.49% -0.09% to 0.89%
 

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