Bytecoin (BCN)

Current price: $ 0.000506

24 hours price change: $ 0.000002 (0.49%)

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 May 30th, 2022 to November 30th, 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 05/30/2022 and 11/30/2022.

According to the performance of Bytecoin between May 30th, 2022 and November 30th, 2022, Bytecoin performed the best on Wednesdays. On average, the price of Bytecoin increased 212.60% on Wednesday.

The weekday on which the Bytecoin performed the worst, is Tuesday. On Tuesdays, the Bytecoin declined in value on average by -20.75%.

Bytecoin weekday performance

The increase in value of the Bytecoin is 29.39% on an average Sunday. However, the uncertainty on the average change is high for the Bytecoin on Sundays. This is the reason why an expected increase of the Bytecoin on an average Sunday cannot be predicted. The standard deviation for Bytecoin on Sundays is high, namely 135.21%. This means that the expected range of value change for the Bytecoin is -105.82% and 164.60% on 68% of the Sundays.

The Bytecoin declines in value on an average Monday with -2.27%. However, the uncertainty (or standard deviation) is quite large, namely 18.90%. This means that it is not possible to say whether on a regular Monday the Bytecoin will increase or decrease in value.

The decrease in value of the Bytecoin is -20.75% on an average Tuesday. The uncertainty of the average change is high for the Bytecoin on Tuesdays. This means that it is hard to tell whether the Bytecoin will decrease or increase in value on an average Tuesday. If we look at the 68% range of the Bytecoin, we see that on 68% of the Tuesdays, the expected change of the Bytecoin is between -59.56% and 18.07%.

The increase in value of the Bytecoin is 212.60% 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 761.41%. This means that the expected range of value change for the Bytecoin is -548.81% and 974.01% on 68% of the Wednesdays.

The increase in value of the Bytecoin is 33.86% 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 173.34%. This means that the expected range of value change for the Bytecoin is -139.48% and 207.20% on 68% of the Thursdays.

The decrease in value of the Bytecoin is -3.64% on an average Friday. The uncertainty of the average change is high for the Bytecoin on Fridays. This means that it is hard to tell whether the Bytecoin will decrease or increase in value on an average Friday. If we look at the 68% range of the Bytecoin, we see that on 68% of the Fridays, the expected change of the Bytecoin is between -21.56% and 14.28%.

The increase in value of the Bytecoin is 52.58% 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 269.47%. This means that the expected range of value change for the Bytecoin is -216.90% and 322.05% 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 29.39% 135.21% -105.82% to 164.60%
Monday -2.27% 18.90% -21.17% to 16.63%
Tuesday -20.75% 38.81% -59.56% to 18.07%
Wednesday 212.60% 761.41% -548.81% to 974.01%
Thursday 33.86% 173.34% -139.48% to 207.20%
Friday -3.64% 17.92% -21.56% to 14.28%
Saturday 52.58% 269.47% -216.90% to 322.05%
 

About Us

: Financial indicators for cryptocurrencies