Binance Coin (BNB)

Current price: $ 373.52

24 hours price change: $ 21.84 (6.21%)

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 July 25th, 2021 to January 25th, 2022.

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 07/25/2021 and 01/25/2022.

According to the performance of Binance Coin between July 25th, 2021 and January 25th, 2022, Binance Coin performed the best on Fridays. On average, the price of Binance Coin increased 0.68% on Friday.

The weekday on which the Binance Coin performed the worst, is Monday. On Mondays, the Binance Coin declined in value on average by -0.50%.

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 -0.14%. However, the standard deviation on this weekday is 0.91%. This means that on most Sundays, the change in value of the Binance Coin is between -1.05% and 0.76%.

Allthough the Binance Coin decreases in value with -0.50% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Binance Coin on Mondays is 1.14%. This means that the expected change of the value of Binance Coin is between -1.63% and 0.64% on 68 out of 100 Mondays.

Allthough the Binance Coin decreases in value with -0.35% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Binance Coin on Tuesdays is 1.47%. This means that the expected change of the value of Binance Coin is between -1.82% and 1.13% on 68 out of 100 Tuesdays.

Binance Coin increased in value on an average Wednesday only slightly. The average increase in value of the Binance Coin was 0.28%. 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 (2.03%). This means that on 68 percent of the Wednesdays, the change in price of the Binance Coin is expected to be in the range of -1.75% and 2.32%.

Binance Coin increased in value on an average Thursday only slightly. The average increase in value of the Binance Coin was 0.12%. 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 (2.52%). This means that on 68 percent of the Thursdays, the change in price of the Binance Coin is expected to be in the range of -2.40% and 2.63%.

Historical performance on Friday 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 Friday with 0.68%. However, the uncertainty of this increase is high. The expected change in value of the Binance Coin on a Friday is between -1.64% and 3.00% (see also the table below).

Binance Coin increased in value on an average Saturday only slightly. The average increase in value of the Binance Coin was 0.23%. 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 (0.69%). This means that on 68 percent of the Saturdays, the change in price of the Binance Coin is expected to be in the range of -0.46% and 0.92%.

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 -0.14% 0.91% -1.05% to 0.76%
Monday -0.50% 1.14% -1.63% to 0.64%
Tuesday -0.35% 1.47% -1.82% to 1.13%
Wednesday 0.28% 2.03% -1.75% to 2.32%
Thursday 0.12% 2.52% -2.40% to 2.63%
Friday 0.68% 2.32% -1.64% to 3.00%
Saturday 0.23% 0.69% -0.46% to 0.92%
 

About Us

: Financial indicators for cryptocurrencies