Bytecoin (BCN)

Current price: $ 0.01

24 hours price change: $ 0.01 (inf%)

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 27th, 2021 to February 25th, 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 01/27/2021 and 02/25/2021.

According to the performance of Bytecoin between January 27th, 2021 and February 25th, 2021, Bytecoin performed the best on Fridays. On average, the price of Bytecoin increased 4.90% on Friday.

The weekday on which the Bytecoin performed the worst, is Saturday. On Saturdays, the Bytecoin declined in value on average by -1.81%.

Bytecoin weekday performance

Allthough the Bytecoin decreases in value with -0.48% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Bytecoin on Sundays is 6.47%. This means that the expected change of the value of Bytecoin is between -6.95% and 5.99% on 68 out of 100 Sundays.

It is hard to tell whether the Bytecoin will increase or decrease in value on an average Monday. The average change on a Monday for the Bytecoin is -0.30%. However, the standard deviation on this weekday is 1.42%. This means that on most Mondays, the change in value of the Bytecoin is between -1.72% and 1.12%.

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 -0.18%. However, the standard deviation on this weekday is 1.99%. This means that on most Tuesdays, the change in value of the Bytecoin is between -2.17% and 1.81%.

On an average Wednesday the Bytecoin shows an increase in value of 2.09%. However, the change of Bytecoin on most of the Wednesdays is between -1.05% and 5.23%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Bytecoins.

Historical performance on Thursday 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 Thursday with 0.69%. However, the uncertainty of this increase is high. The expected change in value of the Bytecoin on a Thursday is between -4.10% and 5.49% (see also the table below).

The increase in value of the Bytecoin is 4.90% on an average Friday. However, the uncertainty on the average change is high for the Bytecoin on Fridays. This is the reason why an expected increase of the Bytecoin on an average Friday cannot be predicted. The standard deviation for Bytecoin on Fridays is high, namely 6.93%. This means that the expected range of value change for the Bytecoin is -2.02% and 11.83% on 68% of the Fridays.

The Bytecoin declines in value on an average Saturday with -1.81%. However, the uncertainty (or standard deviation) is quite large, namely 8.66%. This means that it is not possible to say whether on a regular Saturday the Bytecoin will increase or decrease in value.

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 -0.48% 6.47% -6.95% to 5.99%
Monday -0.30% 1.42% -1.72% to 1.12%
Tuesday -0.18% 1.99% -2.17% to 1.81%
Wednesday 2.09% 3.14% -1.05% to 5.23%
Thursday 0.69% 4.79% -4.10% to 5.49%
Friday 4.90% 6.93% -2.02% to 11.83%
Saturday -1.81% 8.66% -10.46% to 6.85%
 

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