Kyber Network (KNC)

Current price: $ 1.97

24 hours price change: $ -0.01 (-0.61%)

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 May 13th, 2021 to June 12th, 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 05/13/2021 and 06/12/2021.

According to the performance of Kyber Network between May 13th, 2021 and June 12th, 2021, Kyber Network performed the best on Wednesdays. On average, the price of Kyber Network increased 4.14% on Wednesday.

The weekday on which the Kyber Network performed the worst, is Friday. On Fridays, the Kyber Network declined in value on average by -2.82%.

Kyber Network weekday performance

The Kyber Network declines in value on an average Sunday with -1.34%. However, the uncertainty (or standard deviation) is quite large, namely 3.99%. This means that it is not possible to say whether on a regular Sunday the Kyber Network will increase or decrease in value.

On an average Monday the Kyber Network shows an increase in value of 1.54%. However, the change of Kyber Network on most of the Mondays is between -2.06% and 5.15%. Therefore it is hard to tell whether an average Monday is a good day to start buying Kyber Networks.

It is hard to tell whether the Kyber Network will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Kyber Network is -0.02%. However, the standard deviation on this weekday is 0.43%. This means that on most Tuesdays, the change in value of the Kyber Network is between -0.45% and 0.41%.

The increase in value of the Kyber Network is 4.14% on an average Wednesday. However, the uncertainty on the average change is high for the Kyber Network on Wednesdays. This is the reason why an expected increase of the Kyber Network on an average Wednesday cannot be predicted. The standard deviation for Kyber Network on Wednesdays is high, namely 8.50%. This means that the expected range of value change for the Kyber Network is -4.36% and 12.65% on 68% of the Wednesdays.

The Kyber Network declines in value on an average Thursday with -1.04%. However, the uncertainty (or standard deviation) is quite large, namely 4.12%. This means that it is not possible to say whether on a regular Thursday the Kyber Network will increase or decrease in value.

The Kyber Network declines in value on an average Friday with -2.82%. However, the uncertainty (or standard deviation) is quite large, namely 5.48%. This means that it is not possible to say whether on a regular Friday the Kyber Network will increase or decrease in value.

On Saturdays, the Kyber Network decreases in value on average with -0.68%. On most of the Saturdays the Kyber Network decreases in value between -3.07% and 1.71%. The uncertainty (2.39%) is higher than the average decline percentage (-0.68%). Therefore, expected range of price changes of the Kyber Network on Saturdays is large.

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 -1.34% 3.99% -5.33% to 2.66%
Monday 1.54% 3.60% -2.06% to 5.15%
Tuesday -0.02% 0.43% -0.45% to 0.41%
Wednesday 4.14% 8.50% -4.36% to 12.65%
Thursday -1.04% 4.12% -5.16% to 3.07%
Friday -2.82% 5.48% -8.30% to 2.66%
Saturday -0.68% 2.39% -3.07% to 1.71%
 

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