Bytecoin (BCN)

Current price: $ 0.000208

24 hours price change: $ 0.000009 (4.55%)

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 July 1st, 2020.

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 07/01/2020.

According to the performance of Bytecoin between June 1st, 2017 and July 1st, 2020, Bytecoin performed the best on Fridays. On average, the price of Bytecoin increased inf% on Friday.

The weekday on which the Bytecoin performed the worst, is Saturday. On Saturdays, the Bytecoin declined in value on average by -0.98%.

Bytecoin weekday performance

On an average Sunday, the Bytecoin increased 0.31%. However, since the expected deviation is 6.28%, the Bytecoin will decline in value on a Sunday quiet regularly. The expected price change of the Bytecoin on a Sunday is between -5.96% and 6.59%.

On an average Monday, the Bytecoin increased 0.37%. However, since the expected deviation is 6.40%, the Bytecoin will decline in value on a Monday quiet regularly. The expected price change of the Bytecoin on a Monday is between -6.02% and 6.77%.

Bytecoin increased in value on an average Tuesday only slightly. The average increase in value of the Bytecoin was 0.18%. Allthough the Bytecoin closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (5.90%). This means that on 68 percent of the Tuesdays, the change in price of the Bytecoin is expected to be in the range of -5.72% and 6.09%.

Bytecoin increased in value on an average Wednesday only slightly. The average increase in value of the Bytecoin was 0.09%. Allthough the Bytecoin closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (6.69%). This means that on 68 percent of the Wednesdays, the change in price of the Bytecoin is expected to be in the range of -6.60% and 6.78%.

It is hard to tell whether the Bytecoin will increase or decrease in value on an average Thursday. The average change on a Thursday for the Bytecoin is -0.04%. However, the standard deviation on this weekday is 9.29%. This means that on most Thursdays, the change in value of the Bytecoin is between -9.34% and 9.25%.

On Fridays, the average increase of the value of the Bytecoin is very high. The average increase is inf%. The standard deviation of the Bytecoin on Fridays is nan%. This means that on 68% of the Fridays, the Bytecoin increases between nan% and nan%. The uncertainty is therefore not very high, since on most Fridays, the value of the Bytecoin will increase.

On Saturdays, the Bytecoin decreases in value on average with -0.98%. On most of the Saturdays the Bytecoin decreases in value between -7.12% and 5.16%. The uncertainty (6.14%) is higher than the average decline percentage (-0.98%). Therefore, expected range of price changes of the Bytecoin on Saturdays is large.

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 0.31% 6.28% -5.96% to 6.59%
Monday 0.37% 6.40% -6.02% to 6.77%
Tuesday 0.18% 5.90% -5.72% to 6.09%
Wednesday 0.09% 6.69% -6.60% to 6.78%
Thursday -0.04% 9.29% -9.34% to 9.25%
Friday inf% nan% nan% to nan%
Saturday -0.98% 6.14% -7.12% to 5.16%
 

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