Binance Coin (BNB)

Current price: $ 226.18

24 hours price change: $ 226.18 (inf%)

Daily analysis of Binance Coin (BNB) - 6 months

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 6 months, starting on August 27th, 2020 to February 25th, 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 08/27/2020 and 02/25/2021.

According to the performance of Binance Coin between August 27th, 2020 and February 25th, 2021, Binance Coin performed the best on Thursdays. On average, the price of Binance Coin increased 0.67% on Thursday.

The weekday on which the Binance Coin performed the worst, is Monday. On Mondays, the Binance Coin declined in value on average by -0.53%.

Binance Coin weekday performance

On an average Sunday, the Binance Coin increased 0.52%. However, since the expected deviation is 1.91%, the Binance Coin will decline in value on a Sunday quiet regularly. The expected price change of the Binance Coin on a Sunday is between -1.39% and 2.43%.

Allthough the Binance Coin decreases in value with -0.53% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Binance Coin on Mondays is 1.88%. This means that the expected change of the value of Binance Coin is between -2.41% and 1.35% on 68 out of 100 Mondays.

Binance Coin increased in value on an average Tuesday only slightly. The average increase in value of the Binance Coin was 0.03%. 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 (1.64%). This means that on 68 percent of the Tuesdays, the change in price of the Binance Coin is expected to be in the range of -1.61% and 1.67%.

It is hard to tell whether the Binance Coin will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Binance Coin is -0.25%. However, the standard deviation on this weekday is 2.42%. This means that on most Wednesdays, the change in value of the Binance Coin is between -2.67% and 2.17%.

Historical performance on Thursday 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 Thursday with 0.67%. However, the uncertainty of this increase is high. The expected change in value of the Binance Coin on a Thursday is between -0.87% and 2.21% (see also the table below).

On an average Friday, the Binance Coin increased 0.43%. However, since the expected deviation is 1.64%, the Binance Coin will decline in value on a Friday quiet regularly. The expected price change of the Binance Coin on a Friday is between -1.22% and 2.07%.

On an average Saturday, the Binance Coin increased 0.38%. However, since the expected deviation is 4.61%, 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 -4.24% and 4.99%.

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 0.52% 1.91% -1.39% to 2.43%
Monday -0.53% 1.88% -2.41% to 1.35%
Tuesday 0.03% 1.64% -1.61% to 1.67%
Wednesday -0.25% 2.42% -2.67% to 2.17%
Thursday 0.67% 1.54% -0.87% to 2.21%
Friday 0.43% 1.64% -1.22% to 2.07%
Saturday 0.38% 4.61% -4.24% to 4.99%
 

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