Kyber Network (KNC)

Current price: $ 2.23

24 hours price change: $ 0.16 (7.72%)

Daily analysis of Kyber Network (KNC) - 1 month

The performance of Kyber Network regarding the price differs every day. To make the best decision to buy Kyber Network, we are analysis in this article the performance of Kyber Network on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on February 9th, 2021 to March 9th, 2021.

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

Average daily change in price of Kyber Network per weekday between 02/09/2021 and 03/09/2021.

According to the performance of Kyber Network between February 9th, 2021 and March 9th, 2021, Kyber Network performed the best on Thursdays. On average, the price of Kyber Network increased 1.27% on Thursday.

The weekday on which the Kyber Network performed the worst, is Sunday. On Sundays, the Kyber Network declined in value on average by -2.34%.

Kyber Network weekday performance

The Kyber Network declines in value on an average Sunday with -2.34%. However, the uncertainty (or standard deviation) is quite large, namely 2.83%. This means that it is not possible to say whether on a regular Sunday the Kyber Network will increase or decrease in value.

The Kyber Network declines in value on an average Monday with -1.52%. However, the uncertainty (or standard deviation) is quite large, namely 3.39%. This means that it is not possible to say whether on a regular Monday the Kyber Network will increase or decrease in value.

Allthough the Kyber Network decreases in value with -0.58% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Kyber Network on Tuesdays is 2.76%. This means that the expected change of the value of Kyber Network is between -3.34% and 2.18% on 68 out of 100 Tuesdays.

On Wednesdays, the Kyber Network decreases in value on average with -0.70%. On most of the Wednesdays the Kyber Network decreases in value between -1.80% and 0.41%. The uncertainty (1.11%) is higher than the average decline percentage (-0.70%). Therefore, expected range of price changes of the Kyber Network on Wednesdays is large.

On an average Thursday the Kyber Network shows a high increase in value, namely 1.27%. The standard deviation is below the average increase percentage (standard deviation is 0.56%), meaning that on 68% of the Thursdays the Kyber Network will increase with a percentage between 0.71% and 1.83%. This also means that, on average, on 16 percent of the Thursdays, the Kyber Network will increase with a percentage above this range. On the other 16% of the Thursdays, the Kyber Network will change with a percentage below the 0.71%.

On Fridays, the Kyber Network decreases in value on average with -0.95%. On most of the Fridays the Kyber Network decreases in value between -3.39% and 1.48%. The uncertainty (2.43%) is higher than the average decline percentage (-0.95%). Therefore, expected range of price changes of the Kyber Network on Fridays is large.

It is hard to tell whether the Kyber Network will increase or decrease in value on an average Saturday. The average change on a Saturday for the Kyber Network is -0.27%. However, the standard deviation on this weekday is 2.22%. This means that on most Saturdays, the change in value of the Kyber Network is between -2.50% and 1.95%.

Kyber Network weekday performance details

Find below the details of the performance of Kyber Network 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 -2.34% 2.83% -5.16% to 0.49%
Monday -1.52% 3.39% -4.91% to 1.86%
Tuesday -0.58% 2.76% -3.34% to 2.18%
Wednesday -0.70% 1.11% -1.80% to 0.41%
Thursday 1.27% 0.56% 0.71% to 1.83%
Friday -0.95% 2.43% -3.39% to 1.48%
Saturday -0.27% 2.22% -2.50% to 1.95%
 

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