Bytecoin (BCN)

Current price: $ 0.000318

24 hours price change: $ -0.000032 (-9.15%)

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 January 26th, 2024 to February 26th, 2024.

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 01/26/2024 and 02/26/2024.

According to the performance of Bytecoin between January 26th, 2024 and February 26th, 2024, Bytecoin performed the best on Saturdays. On average, the price of Bytecoin increased 13.82% on Saturday.

The weekday on which the Bytecoin performed the worst, is Thursday. On Thursdays, the Bytecoin declined in value on average by -2.07%.

Bytecoin weekday performance

The Bytecoin declines in value on an average Sunday with -1.93%. However, the uncertainty (or standard deviation) is quite large, namely 2.46%. This means that it is not possible to say whether on a regular Sunday the Bytecoin will increase or decrease in value.

On an average Monday the Bytecoin shows an increase in value of 1.89%. However, the change of Bytecoin on most of the Mondays is between -1.02% and 4.81%. Therefore it is hard to tell whether an average Monday is a good day to start buying Bytecoins.

Allthough the Bytecoin decreases in value with -0.48% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Bytecoin on Tuesdays is 1.62%. This means that the expected change of the value of Bytecoin is between -2.10% and 1.14% on 68 out of 100 Tuesdays.

On an average Wednesday the Bytecoin shows an increase in value of 1.68%. However, the change of Bytecoin on most of the Wednesdays is between -3.41% and 6.78%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Bytecoins.

The Bytecoin declines in value on an average Thursday with -2.07%. However, the uncertainty (or standard deviation) is quite large, namely 2.07%. This means that it is not possible to say whether on a regular Thursday the Bytecoin will increase or decrease in value.

On an average Friday the Bytecoin shows an increase in value of 1.45%. However, the change of Bytecoin on most of the Fridays is between -2.60% and 5.49%. Therefore it is hard to tell whether an average Friday is a good day to start buying Bytecoins.

The increase in value of the Bytecoin is 13.82% 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 44.11%. This means that the expected range of value change for the Bytecoin is -30.29% and 57.93% 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 -1.93% 2.46% -4.39% to 0.53%
Monday 1.89% 2.92% -1.02% to 4.81%
Tuesday -0.48% 1.62% -2.10% to 1.14%
Wednesday 1.68% 5.09% -3.41% to 6.78%
Thursday -2.07% 2.07% -4.13% to 0.00%
Friday 1.45% 4.05% -2.60% to 5.49%
Saturday 13.82% 44.11% -30.29% to 57.93%
 

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