Bytecoin (BCN)

Current price: $ 0.000030

24 hours price change: $ -0.000002 (-7.51%)

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 August 28th, 2022 to September 28th, 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 08/28/2022 and 09/28/2022.

According to the performance of Bytecoin between August 28th, 2022 and September 28th, 2022, Bytecoin performed the best on Saturdays. On average, the price of Bytecoin increased 0.05% on Saturday.

The weekday on which the Bytecoin performed the worst, is Tuesday. On Tuesdays, the Bytecoin declined in value on average by -37.32%.

Bytecoin weekday performance

The decrease in value of the Bytecoin is -18.67% on an average Sunday. The uncertainty of the average change is high for the Bytecoin on Sundays. This means that it is hard to tell whether the Bytecoin will decrease or increase in value on an average Sunday. If we look at the 68% range of the Bytecoin, we see that on 68% of the Sundays, the expected change of the Bytecoin is between -56.00% and 18.66%.

Bytecoin increased in value on an average Monday only slightly. The average increase in value of the Bytecoin was 0.02%. 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 (0.03%). This means that on 68 percent of the Mondays, the change in price of the Bytecoin is expected to be in the range of -0.01% and 0.05%.

The decrease in value of the Bytecoin is -37.32% on an average Tuesday. The uncertainty of the average change is high for the Bytecoin on Tuesdays. This means that it is hard to tell whether the Bytecoin will decrease or increase in value on an average Tuesday. If we look at the 68% range of the Bytecoin, we see that on 68% of the Tuesdays, the expected change of the Bytecoin is between -83.06% and 8.41%.

The decrease in value of the Bytecoin is -6.40% 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 -19.25% and 6.45%.

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 -0.12%. However, the standard deviation on this weekday is 0.14%. This means that on most Thursdays, the change in value of the Bytecoin is between -0.25% and 0.02%.

Bytecoin increased in value on an average Friday only slightly. The average increase in value of the Bytecoin was 0.03%. 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 (0.03%). This means that on 68 percent of the Fridays, the change in price of the Bytecoin is expected to be in the range of 0.00% and 0.06%.

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 (0.07%). This means that on 68 percent of the Saturdays, the change in price of the Bytecoin is expected to be in the range of -0.02% and 0.12%.

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 -18.67% 37.33% -56.00% to 18.66%
Monday 0.02% 0.03% -0.01% to 0.05%
Tuesday -37.32% 45.73% -83.06% to 8.41%
Wednesday -6.40% 12.85% -19.25% to 6.45%
Thursday -0.12% 0.14% -0.25% to 0.02%
Friday 0.03% 0.03% 0.00% to 0.06%
Saturday 0.05% 0.07% -0.02% to 0.12%
 

About Us

: Financial indicators for cryptocurrencies