Bytecoin (BCN)

Current price: $ 0.000465

24 hours price change: $ 0.000009 (1.93%)

Daily analysis of Bytecoin (BCN) - 1 year

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 year, starting on March 6th, 2020 to March 6th, 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 03/06/2020 and 03/06/2021.

According to the performance of Bytecoin between March 6th, 2020 and March 6th, 2021, Bytecoin performed the best on Sundays. On average, the price of Bytecoin increased 0.47% on Sunday.

The weekday on which the Bytecoin performed the worst, is Tuesday. On Tuesdays, the Bytecoin declined in value on average by -0.32%.

Bytecoin weekday performance

On an average Sunday, the Bytecoin increased 0.47%. However, since the expected deviation is 2.97%, the Bytecoin will decline in value on a Sunday quiet regularly. The expected price change of the Bytecoin on a Sunday is between -2.50% and 3.44%.

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 -0.11%. However, the standard deviation on this weekday is 2.21%. This means that on most Mondays, the change in value of the Bytecoin is between -2.33% and 2.10%.

Allthough the Bytecoin decreases in value with -0.32% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Bytecoin on Tuesdays is 3.73%. This means that the expected change of the value of Bytecoin is between -4.05% and 3.40% on 68 out of 100 Tuesdays.

It is hard to tell whether the Bytecoin will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Bytecoin is -0.02%. However, the standard deviation on this weekday is 4.19%. This means that on most Wednesdays, the change in value of the Bytecoin is between -4.21% and 4.17%.

Bytecoin increased in value on an average Thursday only slightly. The average increase in value of the Bytecoin was 0.26%. 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 (2.62%). This means that on 68 percent of the Thursdays, the change in price of the Bytecoin is expected to be in the range of -2.36% and 2.88%.

On an average Friday, the Bytecoin increased 0.32%. However, since the expected deviation is 3.04%, the Bytecoin will decline in value on a Friday quiet regularly. The expected price change of the Bytecoin on a Friday is between -2.71% and 3.36%.

It is hard to tell whether the Bytecoin will increase or decrease in value on an average Saturday. The average change on a Saturday for the Bytecoin is -0.11%. However, the standard deviation on this weekday is 5.34%. This means that on most Saturdays, the change in value of the Bytecoin is between -5.46% and 5.23%.

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 0.47% 2.97% -2.50% to 3.44%
Monday -0.11% 2.21% -2.33% to 2.10%
Tuesday -0.32% 3.73% -4.05% to 3.40%
Wednesday -0.02% 4.19% -4.21% to 4.17%
Thursday 0.26% 2.62% -2.36% to 2.88%
Friday 0.32% 3.04% -2.71% to 3.36%
Saturday -0.11% 5.34% -5.46% to 5.23%
 

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