Bytecoin (BCN)

Current price: $ 0.000652

24 hours price change: $ -0.000026 (-3.76%)

Daily analysis of Bytecoin (BCN) - all

The performance of Bytecoin regarding the price differs every day. To make the best decision to buy Bytecoin, we are analysis in this article the performance of Bytecoin on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last years, starting on June 1st, 2017 to January 20th, 2022.

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

Average daily change in price of Bytecoin per weekday between 06/01/2017 and 01/20/2022.

According to the performance of Bytecoin between June 1st, 2017 and January 20th, 2022, Bytecoin performed the best on Saturdays. On average, the price of Bytecoin increased 7.98% on Saturday.

The weekday on which the Bytecoin performed the worst, is Wednesday. On Wednesdays, the Bytecoin declined in value on average by -0.42%.

Bytecoin weekday performance

On an average Sunday the Bytecoin shows an increase in value of 1.18%. However, the change of Bytecoin on most of the Sundays is between -19.45% and 21.81%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Bytecoins.

On an average Monday the Bytecoin shows an increase in value of 1.37%. However, the change of Bytecoin on most of the Mondays is between -25.59% and 28.34%. Therefore it is hard to tell whether an average Monday is a good day to start buying Bytecoins.

The increase in value of the Bytecoin is 3.29% on an average Tuesday. However, the uncertainty on the average change is high for the Bytecoin on Tuesdays. This is the reason why an expected increase of the Bytecoin on an average Tuesday cannot be predicted. The standard deviation for Bytecoin on Tuesdays is high, namely 36.85%. This means that the expected range of value change for the Bytecoin is -33.56% and 40.15% on 68% of the Tuesdays.

Allthough the Bytecoin decreases in value with -0.42% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Bytecoin on Wednesdays is 8.52%. This means that the expected change of the value of Bytecoin is between -8.94% and 8.10% on 68 out of 100 Wednesdays.

Allthough the Bytecoin decreases in value with -0.38% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Bytecoin on Thursdays is 9.36%. This means that the expected change of the value of Bytecoin is between -9.74% and 8.98% on 68 out of 100 Thursdays.

It is hard to tell whether the Bytecoin will increase or decrease in value on an average Friday. The average change on a Friday for the Bytecoin is -0.08%. However, the standard deviation on this weekday is 9.95%. This means that on most Fridays, the change in value of the Bytecoin is between -10.03% and 9.87%.

The increase in value of the Bytecoin is 7.98% on an average Saturday. However, the uncertainty on the average change is high for the Bytecoin on Saturdays. This is the reason why an expected increase of the Bytecoin on an average Saturday cannot be predicted. The standard deviation for Bytecoin on Saturdays is high, namely 69.22%. This means that the expected range of value change for the Bytecoin is -61.25% and 77.20% on 68% of the Saturdays.

Bytecoin weekday performance details

Find below the details of the performance of Bytecoin 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 1.18% 20.63% -19.45% to 21.81%
Monday 1.37% 26.97% -25.59% to 28.34%
Tuesday 3.29% 36.85% -33.56% to 40.15%
Wednesday -0.42% 8.52% -8.94% to 8.10%
Thursday -0.38% 9.36% -9.74% to 8.98%
Friday -0.08% 9.95% -10.03% to 9.87%
Saturday 7.98% 69.22% -61.25% to 77.20%
 

About Us

: Financial indicators for cryptocurrencies