Bytecoin (BCN)

Current price: $ 0.000104

24 hours price change: $ -0.000003 (-2.99%)

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 November 23rd, 2021 to May 23rd, 2022.

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 11/23/2021 and 05/23/2022.

According to the performance of Bytecoin between November 23rd, 2021 and May 23rd, 2022, Bytecoin performed the best on Saturdays. On average, the price of Bytecoin increased 83.72% on Saturday.

The weekday on which the Bytecoin performed the worst, is Sunday. On Sundays, the Bytecoin rose in value on average by 2.28%. The price still increased on Sundays, allthough it was the smallest increase of all days on average.

Bytecoin weekday performance

On an average Sunday the Bytecoin shows an increase in value of 2.28%. However, the change of Bytecoin on most of the Sundays is between -62.53% and 67.09%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Bytecoins.

The increase in value of the Bytecoin is 32.81% on an average Monday. However, the uncertainty on the average change is high for the Bytecoin on Mondays. This is the reason why an expected increase of the Bytecoin on an average Monday cannot be predicted. The standard deviation for Bytecoin on Mondays is high, namely 133.24%. This means that the expected range of value change for the Bytecoin is -100.43% and 166.04% on 68% of the Mondays.

The increase in value of the Bytecoin is 39.29% on an average Tuesday. However, the uncertainty on the average change is high for the Bytecoin on Tuesdays. This is the reason why an expected increase of the Bytecoin on an average Tuesday cannot be predicted. The standard deviation for Bytecoin on Tuesdays is high, namely 132.31%. This means that the expected range of value change for the Bytecoin is -93.02% and 171.60% on 68% of the Tuesdays.

The increase in value of the Bytecoin is 36.98% on an average Wednesday. However, the uncertainty on the average change is high for the Bytecoin on Wednesdays. This is the reason why an expected increase of the Bytecoin on an average Wednesday cannot be predicted. The standard deviation for Bytecoin on Wednesdays is high, namely 133.21%. This means that the expected range of value change for the Bytecoin is -96.23% and 170.19% on 68% of the Wednesdays.

The increase in value of the Bytecoin is 25.10% on an average Thursday. However, the uncertainty on the average change is high for the Bytecoin on Thursdays. This is the reason why an expected increase of the Bytecoin on an average Thursday cannot be predicted. The standard deviation for Bytecoin on Thursdays is high, namely 121.09%. This means that the expected range of value change for the Bytecoin is -95.99% and 146.19% on 68% of the Thursdays.

The increase in value of the Bytecoin is 5.44% 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 48.46%. This means that the expected range of value change for the Bytecoin is -43.03% and 53.90% on 68% of the Fridays.

The increase in value of the Bytecoin is 83.72% 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 190.81%. This means that the expected range of value change for the Bytecoin is -107.09% and 274.53% 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 2.28% 64.81% -62.53% to 67.09%
Monday 32.81% 133.24% -100.43% to 166.04%
Tuesday 39.29% 132.31% -93.02% to 171.60%
Wednesday 36.98% 133.21% -96.23% to 170.19%
Thursday 25.10% 121.09% -95.99% to 146.19%
Friday 5.44% 48.46% -43.03% to 53.90%
Saturday 83.72% 190.81% -107.09% to 274.53%
 

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