Bytecoin (BCN)

Current price: $ 0.000281

24 hours price change: $ 0.000007 (2.59%)

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 September 27th, 2020 to September 27th, 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 09/27/2020 and 09/27/2021.

According to the performance of Bytecoin between September 27th, 2020 and September 27th, 2021, Bytecoin performed the best on Saturdays. On average, the price of Bytecoin increased 11.89% on Saturday.

The weekday on which the Bytecoin performed the worst, is Monday. On Mondays, the Bytecoin declined in value on average by -1.31%.

Bytecoin weekday performance

On an average Sunday, the Bytecoin increased 0.30%. However, since the expected deviation is 3.01%, the Bytecoin will decline in value on a Sunday quiet regularly. The expected price change of the Bytecoin on a Sunday is between -2.71% and 3.31%.

The Bytecoin declines in value on an average Monday with -1.31%. However, the uncertainty (or standard deviation) is quite large, namely 12.20%. This means that it is not possible to say whether on a regular Monday the Bytecoin will increase or decrease in value.

On an average Tuesday, the Bytecoin increased 0.35%. However, since the expected deviation is 3.12%, the Bytecoin will decline in value on a Tuesday quiet regularly. The expected price change of the Bytecoin on a Tuesday is between -2.77% and 3.47%.

On Wednesdays, the Bytecoin decreases in value on average with -0.60%. On most of the Wednesdays the Bytecoin decreases in value between -8.71% and 7.50%. The uncertainty (8.11%) is higher than the average decline percentage (-0.60%). Therefore, expected range of price changes of the Bytecoin on Wednesdays is large.

Bytecoin increased in value on an average Thursday only slightly. The average increase in value of the Bytecoin was 0.11%. 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 (2.73%). This means that on 68 percent of the Thursdays, the change in price of the Bytecoin is expected to be in the range of -2.62% and 2.85%.

On an average Friday, the Bytecoin increased 0.32%. However, since the expected deviation is 3.66%, the Bytecoin will decline in value on a Friday quiet regularly. The expected price change of the Bytecoin on a Friday is between -3.33% and 3.98%.

The increase in value of the Bytecoin is 11.89% 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 82.56%. This means that the expected range of value change for the Bytecoin is -70.67% and 94.45% 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 0.30% 3.01% -2.71% to 3.31%
Monday -1.31% 12.20% -13.50% to 10.89%
Tuesday 0.35% 3.12% -2.77% to 3.47%
Wednesday -0.60% 8.11% -8.71% to 7.50%
Thursday 0.11% 2.73% -2.62% to 2.85%
Friday 0.32% 3.66% -3.33% to 3.98%
Saturday 11.89% 82.56% -70.67% to 94.45%
 

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