Bytecoin (BCN)

Current price: $ 0.000666

24 hours price change: $ 0.000029 (4.63%)

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 December 26th, 2021 to January 26th, 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 12/26/2021 and 01/26/2022.

According to the performance of Bytecoin between December 26th, 2021 and January 26th, 2022, Bytecoin performed the best on Saturdays. On average, the price of Bytecoin increased 173.24% on Saturday.

The weekday on which the Bytecoin performed the worst, is Monday. On Mondays, the Bytecoin declined in value on average by -25.41%.

Bytecoin weekday performance

The increase in value of the Bytecoin is 60.53% on an average Sunday. However, the uncertainty on the average change is high for the Bytecoin on Sundays. This is the reason why an expected increase of the Bytecoin on an average Sunday cannot be predicted. The standard deviation for Bytecoin on Sundays is high, namely 119.83%. This means that the expected range of value change for the Bytecoin is -59.30% and 180.36% on 68% of the Sundays.

The decrease in value of the Bytecoin is -25.41% on an average Monday. The uncertainty of the average change is high for the Bytecoin on Mondays. This means that it is hard to tell whether the Bytecoin will decrease or increase in value on an average Monday. If we look at the 68% range of the Bytecoin, we see that on 68% of the Mondays, the expected change of the Bytecoin is between -56.31% and 5.49%.

The increase in value of the Bytecoin is 9.11% 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 47.92%. This means that the expected range of value change for the Bytecoin is -38.81% and 57.03% on 68% of the Tuesdays.

The decrease in value of the Bytecoin is -16.82% on an average Wednesday. The uncertainty of the average change is high for the Bytecoin on Wednesdays. This means that it is hard to tell whether the Bytecoin will decrease or increase in value on an average Wednesday. If we look at the 68% range of the Bytecoin, we see that on 68% of the Wednesdays, the expected change of the Bytecoin is between -50.04% and 16.40%.

Bytecoin increased in value on an average Thursday only slightly. The average increase in value of the Bytecoin was 0.12%. 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 (0.38%). This means that on 68 percent of the Thursdays, the change in price of the Bytecoin is expected to be in the range of -0.26% and 0.50%.

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 -0.17%. However, the standard deviation on this weekday is 0.86%. This means that on most Fridays, the change in value of the Bytecoin is between -1.04% and 0.69%.

The increase in value of the Bytecoin is 173.24% 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 220.56%. This means that the expected range of value change for the Bytecoin is -47.32% and 393.80% 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 60.53% 119.83% -59.30% to 180.36%
Monday -25.41% 30.90% -56.31% to 5.49%
Tuesday 9.11% 47.92% -38.81% to 57.03%
Wednesday -16.82% 33.22% -50.04% to 16.40%
Thursday 0.12% 0.38% -0.26% to 0.50%
Friday -0.17% 0.86% -1.04% to 0.69%
Saturday 173.24% 220.56% -47.32% to 393.80%
 

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