DigiByte (DGB)

Current price: $ 0.02

24 hours price change: $ -0.002130 (-10.20%)

Daily analysis of DigiByte (DGB) - 1 month

The performance of DigiByte regarding the price differs every day. To make the best decision to buy DigiByte, we are analysis in this article the performance of DigiByte on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on December 24th, 2021 to January 24th, 2022.

In the barchart below, the weekdays and average performance of DigiByte are shown side by side.

Average daily change in price of DigiByte per weekday between 12/24/2021 and 01/24/2022.

According to the performance of DigiByte between December 24th, 2021 and January 24th, 2022, DigiByte performed the best on Saturdays. On average, the price of DigiByte increased 1.21% on Saturday.

The weekday on which the DigiByte performed the worst, is Tuesday. On Tuesdays, the DigiByte declined in value on average by -0.96%.

DigiByte weekday performance

Historical performance on Sunday do not show an increase in value of the DigiByte on which a prediction can be made. The DigiByte increased in value on average on an average Sunday with 0.78%. However, the uncertainty of this increase is high. The expected change in value of the DigiByte on a Sunday is between -0.35% and 1.91% (see also the table below).

Allthough the DigiByte decreases in value with -0.56% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of DigiByte on Mondays is 0.93%. This means that the expected change of the value of DigiByte is between -1.50% and 0.37% on 68 out of 100 Mondays.

On Tuesdays, the DigiByte decreases in value on average with -0.96%. On most of the Tuesdays the DigiByte decreases in value between -1.88% and -0.05%. The uncertainty (0.92%) is higher than the average decline percentage (-0.96%). Therefore, expected range of price changes of the DigiByte on Tuesdays is large.

On an average Wednesday the DigiByte shows a high increase in value, namely 1.04%. The standard deviation is below the average increase percentage (standard deviation is 0.91%), meaning that on 68% of the Wednesdays the DigiByte will increase with a percentage between 0.13% and 1.95%. This also means that, on average, on 16 percent of the Wednesdays, the DigiByte will increase with a percentage above this range. On the other 16% of the Wednesdays, the DigiByte will change with a percentage below the 0.13%.

DigiByte increased in value on an average Thursday only slightly. The average increase in value of the DigiByte was 0.25%. Allthough the DigiByte closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (1.03%). This means that on 68 percent of the Thursdays, the change in price of the DigiByte is expected to be in the range of -0.79% and 1.28%.

Allthough the DigiByte decreases in value with -0.44% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of DigiByte on Fridays is 1.41%. This means that the expected change of the value of DigiByte is between -1.85% and 0.97% on 68 out of 100 Fridays.

On an average Saturday the DigiByte shows a high increase in value, namely 1.21%. The standard deviation is below the average increase percentage (standard deviation is 0.82%), meaning that on 68% of the Saturdays the DigiByte will increase with a percentage between 0.39% and 2.03%. This also means that, on average, on 16 percent of the Saturdays, the DigiByte will increase with a percentage above this range. On the other 16% of the Saturdays, the DigiByte will change with a percentage below the 0.39%.

DigiByte weekday performance details

Find below the details of the performance of DigiByte 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 0.78% 1.13% -0.35% to 1.91%
Monday -0.56% 0.93% -1.50% to 0.37%
Tuesday -0.96% 0.92% -1.88% to -0.05%
Wednesday 1.04% 0.91% 0.13% to 1.95%
Thursday 0.25% 1.03% -0.79% to 1.28%
Friday -0.44% 1.41% -1.85% to 0.97%
Saturday 1.21% 0.82% 0.39% to 2.03%
 

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