DigiByte (DGB)

Current price: $ 0.02

24 hours price change: $ 0.001610 (7.93%)

Daily analysis of DigiByte (DGB) - 6 months

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 6 months, starting on January 7th, 2020 to July 6th, 2020.

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 01/07/2020 and 07/06/2020.

According to the performance of DigiByte between January 7th, 2020 and July 6th, 2020, DigiByte performed the best on Tuesdays. On average, the price of DigiByte increased 0.94% on Tuesday.

The weekday on which the DigiByte performed the worst, is Sunday. On Sundays, the DigiByte declined in value on average by -0.51%.

DigiByte weekday performance

Allthough the DigiByte decreases in value with -0.51% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of DigiByte on Sundays is 3.17%. This means that the expected change of the value of DigiByte is between -3.68% and 2.65% on 68 out of 100 Sundays.

DigiByte increased in value on an average Monday only slightly. The average increase in value of the DigiByte was 0.16%. 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 (1.69%). This means that on 68 percent of the Mondays, the change in price of the DigiByte is expected to be in the range of -1.53% and 1.85%.

Historical performance on Tuesday 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 Tuesday with 0.94%. However, the uncertainty of this increase is high. The expected change in value of the DigiByte on a Tuesday is between -1.13% and 3.00% (see also the table below).

On an average Wednesday, the DigiByte increased 0.52%. However, since the expected deviation is 3.52%, the DigiByte will decline in value on a Wednesday quiet regularly. The expected price change of the DigiByte on a Wednesday is between -3.00% and 4.04%.

It is hard to tell whether the DigiByte will increase or decrease in value on an average Thursday. The average change on a Thursday for the DigiByte is -0.24%. However, the standard deviation on this weekday is 1.46%. This means that on most Thursdays, the change in value of the DigiByte is between -1.70% and 1.22%.

Historical performance on Friday 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 Friday with 0.63%. However, the uncertainty of this increase is high. The expected change in value of the DigiByte on a Friday is between -1.30% and 2.57% (see also the table below).

It is hard to tell whether the DigiByte will increase or decrease in value on an average Saturday. The average change on a Saturday for the DigiByte is -0.02%. However, the standard deviation on this weekday is 0.97%. This means that on most Saturdays, the change in value of the DigiByte is between -0.99% and 0.94%.

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 -0.51% 3.17% -3.68% to 2.65%
Monday 0.16% 1.69% -1.53% to 1.85%
Tuesday 0.94% 2.07% -1.13% to 3.00%
Wednesday 0.52% 3.52% -3.00% to 4.04%
Thursday -0.24% 1.46% -1.70% to 1.22%
Friday 0.63% 1.93% -1.30% to 2.57%
Saturday -0.02% 0.97% -0.99% to 0.94%
 

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