Kyber Network (KNC)

Current price: $ 1.65

24 hours price change: $ 0.02 (1.04%)

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 December 26th, 2021 to January 26th, 2022.

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 12/26/2021 and 01/26/2022.

According to the performance of Kyber Network between December 26th, 2021 and January 26th, 2022, Kyber Network performed the best on Wednesdays. On average, the price of Kyber Network increased 0.75% on Wednesday.

The weekday on which the Kyber Network performed the worst, is Monday. On Mondays, the Kyber Network declined in value on average by -1.13%.

Kyber Network weekday performance

Allthough the Kyber Network decreases in value with -0.34% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Kyber Network on Sundays is 0.51%. This means that the expected change of the value of Kyber Network is between -0.85% and 0.18% on 68 out of 100 Sundays.

The Kyber Network declines in value on an average Monday with -1.13%. However, the uncertainty (or standard deviation) is quite large, namely 1.22%. This means that it is not possible to say whether on a regular Monday the Kyber Network will increase or decrease in value.

Kyber Network increased in value on an average Tuesday only slightly. The average increase in value of the Kyber Network was 0.01%. Allthough the Kyber Network closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (1.55%). This means that on 68 percent of the Tuesdays, the change in price of the Kyber Network is expected to be in the range of -1.54% and 1.55%.

Historical performance on Wednesday do not show an increase in value of the Kyber Network on which a prediction can be made. The Kyber Network increased in value on average on an average Wednesday with 0.75%. However, the uncertainty of this increase is high. The expected change in value of the Kyber Network on a Wednesday is between -0.32% and 1.82% (see also the table below).

On Thursdays, the Kyber Network decreases in value on average with -0.98%. On most of the Thursdays the Kyber Network decreases in value between -1.61% and -0.35%. The uncertainty (0.63%) is higher than the average decline percentage (-0.98%). Therefore, expected range of price changes of the Kyber Network on Thursdays is large.

Kyber Network increased in value on an average Friday only slightly. The average increase in value of the Kyber Network was 0.14%. Allthough the Kyber Network closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (2.22%). This means that on 68 percent of the Fridays, the change in price of the Kyber Network is expected to be in the range of -2.09% and 2.36%.

Allthough the Kyber Network decreases in value with -0.39% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of Kyber Network on Saturdays is 3.81%. This means that the expected change of the value of Kyber Network is between -4.20% and 3.43% on 68 out of 100 Saturdays.

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 -0.34% 0.51% -0.85% to 0.18%
Monday -1.13% 1.22% -2.35% to 0.08%
Tuesday 0.01% 1.55% -1.54% to 1.55%
Wednesday 0.75% 1.07% -0.32% to 1.82%
Thursday -0.98% 0.63% -1.61% to -0.35%
Friday 0.14% 2.22% -2.09% to 2.36%
Saturday -0.39% 3.81% -4.20% to 3.43%
 

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: Financial indicators for cryptocurrencies