Siacoin (SC)

Current price: $ 0.009412

24 hours price change: $ -0.000258 (-2.67%)

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 February 5th, 2024 to March 5th, 2024.

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 02/05/2024 and 03/05/2024.

According to the performance of Siacoin between February 5th, 2024 and March 5th, 2024, Siacoin performed the best on Thursdays. On average, the price of Siacoin increased 1.04% on Thursday.

The weekday on which the Siacoin performed the worst, is Sunday. On Sundays, the Siacoin declined in value on average by -2.01%.

Siacoin weekday performance

The Siacoin declines in value on an average Sunday with -2.01%. However, the uncertainty (or standard deviation) is quite large, namely 2.94%. This means that it is not possible to say whether on a regular Sunday the Siacoin will increase or decrease in value.

On an average Monday, the Siacoin increased 0.37%. However, since the expected deviation is 1.10%, the Siacoin will decline in value on a Monday quiet regularly. The expected price change of the Siacoin on a Monday is between -0.73% and 1.47%.

The Siacoin declines in value on an average Tuesday with -1.11%. However, the uncertainty (or standard deviation) is quite large, namely 1.51%. This means that it is not possible to say whether on a regular Tuesday the Siacoin will increase or decrease in value.

On Wednesdays, the Siacoin decreases in value on average with -0.82%. On most of the Wednesdays the Siacoin decreases in value between -2.41% and 0.76%. The uncertainty (1.59%) is higher than the average decline percentage (-0.82%). Therefore, expected range of price changes of the Siacoin on Wednesdays is large.

On an average Thursday the Siacoin shows an increase in value of 1.04%. However, the change of Siacoin on most of the Thursdays is between -1.43% and 3.52%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Siacoins.

Historical performance on Friday do not show an increase in value of the Siacoin on which a prediction can be made. The Siacoin increased in value on average on an average Friday with 0.97%. However, the uncertainty of this increase is high. The expected change in value of the Siacoin on a Friday is between -1.13% and 3.06% (see also the table below).

Historical performance on Saturday do not show an increase in value of the Siacoin on which a prediction can be made. The Siacoin increased in value on average on an average Saturday with 0.62%. However, the uncertainty of this increase is high. The expected change in value of the Siacoin on a Saturday is between -2.51% and 3.76% (see also the table below).

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 -2.01% 2.94% -4.95% to 0.93%
Monday 0.37% 1.10% -0.73% to 1.47%
Tuesday -1.11% 1.51% -2.62% to 0.39%
Wednesday -0.82% 1.59% -2.41% to 0.76%
Thursday 1.04% 2.48% -1.43% to 3.52%
Friday 0.97% 2.09% -1.13% to 3.06%
Saturday 0.62% 3.14% -2.51% to 3.76%
 

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