Bytecoin (BCN)

Current price: $ 0.000233

24 hours price change: $ -0.000010 (-3.96%)

Daily analysis of Bytecoin (BCN) - 6 months

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 6 months, starting on January 11th, 2020 to July 10th, 2020.

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 01/11/2020 and 07/10/2020.

According to the performance of Bytecoin between January 11th, 2020 and July 10th, 2020, Bytecoin performed the best on Mondays. On average, the price of Bytecoin increased 0.80% on Monday.

The weekday on which the Bytecoin performed the worst, is Saturday. On Saturdays, the Bytecoin declined in value on average by -2.74%.

Bytecoin weekday performance

It is hard to tell whether the Bytecoin will increase or decrease in value on an average Sunday. The average change on a Sunday for the Bytecoin is -0.10%. However, the standard deviation on this weekday is 6.44%. This means that on most Sundays, the change in value of the Bytecoin is between -6.54% and 6.34%.

Historical performance on Monday 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 Monday with 0.80%. However, the uncertainty of this increase is high. The expected change in value of the Bytecoin on a Monday is between -7.86% and 9.45% (see also the table below).

The Bytecoin declines in value on an average Tuesday with -1.03%. However, the uncertainty (or standard deviation) is quite large, namely 3.78%. This means that it is not possible to say whether on a regular Tuesday the Bytecoin will increase or decrease in value.

Historical performance on Wednesday 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 Wednesday with 0.61%. However, the uncertainty of this increase is high. The expected change in value of the Bytecoin on a Wednesday is between -7.03% and 8.25% (see also the table below).

The Bytecoin declines in value on an average Thursday with -2.24%. However, the uncertainty (or standard deviation) is quite large, namely 6.72%. This means that it is not possible to say whether on a regular Thursday the Bytecoin will increase or decrease in value.

The Bytecoin declines in value on an average Friday with -1.53%. However, the uncertainty (or standard deviation) is quite large, namely 4.98%. This means that it is not possible to say whether on a regular Friday the Bytecoin will increase or decrease in value.

The Bytecoin declines in value on an average Saturday with -2.74%. However, the uncertainty (or standard deviation) is quite large, namely 7.46%. 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 -0.10% 6.44% -6.54% to 6.34%
Monday 0.80% 8.66% -7.86% to 9.45%
Tuesday -1.03% 3.78% -4.81% to 2.76%
Wednesday 0.61% 7.64% -7.03% to 8.25%
Thursday -2.24% 6.72% -8.96% to 4.48%
Friday -1.53% 4.98% -6.50% to 3.45%
Saturday -2.74% 7.46% -10.20% to 4.73%
 

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