Siacoin (SC)

Current price: $ 0.02

24 hours price change: $ 0.000680 (4.50%)

Daily analysis of Siacoin (SC) - 1 month

The performance of Siacoin regarding the price differs every day. To make the best decision to buy Siacoin, we are analysis in this article the performance of Siacoin 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 13th, 2021.

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

Average daily change in price of Siacoin per weekday between 05/13/2021 and 06/13/2021.

According to the performance of Siacoin between May 13th, 2021 and June 13th, 2021, Siacoin performed the best on Wednesdays. On average, the price of Siacoin increased 4.16% on Wednesday.

The weekday on which the Siacoin performed the worst, is Friday. On Fridays, the Siacoin declined in value on average by -2.15%.

Siacoin weekday performance

On an average Sunday the Siacoin shows an increase in value of 1.10%. However, the change of Siacoin on most of the Sundays is between -0.95% and 3.16%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Siacoins.

On an average Monday the Siacoin shows an increase in value of 1.37%. However, the change of Siacoin on most of the Mondays is between -0.60% and 3.34%. Therefore it is hard to tell whether an average Monday is a good day to start buying Siacoins.

Siacoin increased in value on an average Tuesday only slightly. The average increase in value of the Siacoin was 0.06%. Allthough the Siacoin closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.18%). This means that on 68 percent of the Tuesdays, the change in price of the Siacoin is expected to be in the range of -0.12% and 0.24%.

The increase in value of the Siacoin is 4.16% on an average Wednesday. However, the uncertainty on the average change is high for the Siacoin on Wednesdays. This is the reason why an expected increase of the Siacoin on an average Wednesday cannot be predicted. The standard deviation for Siacoin on Wednesdays is high, namely 7.27%. This means that the expected range of value change for the Siacoin is -3.11% and 11.42% on 68% of the Wednesdays.

The Siacoin declines in value on an average Thursday with -1.00%. However, the uncertainty (or standard deviation) is quite large, namely 3.14%. This means that it is not possible to say whether on a regular Thursday the Siacoin will increase or decrease in value.

The Siacoin declines in value on an average Friday with -2.15%. However, the uncertainty (or standard deviation) is quite large, namely 5.05%. This means that it is not possible to say whether on a regular Friday the Siacoin will increase or decrease in value.

Allthough the Siacoin decreases in value with -0.41% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of Siacoin on Saturdays is 1.59%. This means that the expected change of the value of Siacoin is between -1.99% and 1.18% on 68 out of 100 Saturdays.

Siacoin weekday performance details

Find below the details of the performance of Siacoin 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 1.10% 2.05% -0.95% to 3.16%
Monday 1.37% 1.97% -0.60% to 3.34%
Tuesday 0.06% 0.18% -0.12% to 0.24%
Wednesday 4.16% 7.27% -3.11% to 11.42%
Thursday -1.00% 3.14% -4.14% to 2.14%
Friday -2.15% 5.05% -7.21% to 2.90%
Saturday -0.41% 1.59% -1.99% to 1.18%
 

We use cookies on our website. Some of them are essential for the operation of the site, while others help us to improve this site and the user experience (tracking cookies). You can decide for yourself whether you want to allow cookies or not. Please note that if you reject them, you may not be able to use all the functionalities of the site.