Bytecoin (BCN)

Current price: $ 0.001037

24 hours price change: $ -0.000021 (-1.99%)

Daily analysis of Bytecoin (BCN) - 1 month

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 1 month, starting on April 11th, 2021 to May 11th, 2021.

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 04/11/2021 and 05/11/2021.

According to the performance of Bytecoin between April 11th, 2021 and May 11th, 2021, Bytecoin performed the best on Wednesdays. On average, the price of Bytecoin increased 1.96% on Wednesday.

The weekday on which the Bytecoin performed the worst, is Thursday. On Thursdays, the Bytecoin declined in value on average by -0.58%.

Bytecoin weekday performance

Bytecoin increased in value on an average Sunday only slightly. The average increase in value of the Bytecoin was 0.05%. 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 (0.08%). This means that on 68 percent of the Sundays, the change in price of the Bytecoin is expected to be in the range of -0.03% and 0.13%.

On an average Monday the Bytecoin shows an increase in value of 1.30%. However, the change of Bytecoin on most of the Mondays is between -1.11% and 3.71%. Therefore it is hard to tell whether an average Monday is a good day to start buying Bytecoins.

It is hard to tell whether the Bytecoin will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Bytecoin is -0.02%. However, the standard deviation on this weekday is 0.39%. This means that on most Tuesdays, the change in value of the Bytecoin is between -0.41% and 0.37%.

On an average Wednesday the Bytecoin shows a high increase in value, namely 1.96%. The standard deviation is below the average increase percentage (standard deviation is 1.73%), meaning that on 68% of the Wednesdays the Bytecoin will increase with a percentage between 0.23% and 3.69%. This also means that, on average, on 16 percent of the Wednesdays, the Bytecoin will increase with a percentage above this range. On the other 16% of the Wednesdays, the Bytecoin will change with a percentage below the 0.23%.

Allthough the Bytecoin decreases in value with -0.58% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Bytecoin on Thursdays is 1.26%. This means that the expected change of the value of Bytecoin is between -1.84% and 0.68% on 68 out of 100 Thursdays.

Historical performance on Friday do not show an increase in value of the Bytecoin on which a prediction can be made. The Bytecoin increased in value on average on an average Friday with 0.95%. However, the uncertainty of this increase is high. The expected change in value of the Bytecoin on a Friday is between -0.69% and 2.59% (see also the table below).

Bytecoin increased in value on an average Saturday only slightly. The average increase in value of the Bytecoin was 0.05%. 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 (0.08%). This means that on 68 percent of the Saturdays, the change in price of the Bytecoin is expected to be in the range of -0.04% and 0.13%.

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 0.05% 0.08% -0.03% to 0.13%
Monday 1.30% 2.41% -1.11% to 3.71%
Tuesday -0.02% 0.39% -0.41% to 0.37%
Wednesday 1.96% 1.73% 0.23% to 3.69%
Thursday -0.58% 1.26% -1.84% to 0.68%
Friday 0.95% 1.64% -0.69% to 2.59%
Saturday 0.05% 0.08% -0.04% to 0.13%
 

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