Synthetix Network Token (SNX)

Current price: $ 8.53

24 hours price change: $ -0.09 (-1.10%)

Daily analysis of Synthetix Network Token (SNX) - 1 month

The performance of Synthetix Network Token regarding the price differs every day. To make the best decision to buy Synthetix Network Token, we are analysis in this article the performance of Synthetix Network Token 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 Synthetix Network Token are shown side by side.

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

According to the performance of Synthetix Network Token between May 13th, 2021 and June 13th, 2021, Synthetix Network Token performed the best on Tuesdays. On average, the price of Synthetix Network Token increased 3.64% on Tuesday.

The weekday on which the Synthetix Network Token performed the worst, is Saturday. On Saturdays, the Synthetix Network Token declined in value on average by -5.34%.

Synthetix Network Token weekday performance

On an average Sunday the Synthetix Network Token shows an increase in value of 1.68%. However, the change of Synthetix Network Token on most of the Sundays is between -1.34% and 4.70%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Synthetix Network Tokens.

Historical performance on Monday do not show an increase in value of the Synthetix Network Token on which a prediction can be made. The Synthetix Network Token increased in value on average on an average Monday with 0.97%. However, the uncertainty of this increase is high. The expected change in value of the Synthetix Network Token on a Monday is between -7.07% and 9.01% (see also the table below).

The increase in value of the Synthetix Network Token is 3.64% on an average Tuesday. However, the uncertainty on the average change is high for the Synthetix Network Token on Tuesdays. This is the reason why an expected increase of the Synthetix Network Token on an average Tuesday cannot be predicted. The standard deviation for Synthetix Network Token on Tuesdays is high, namely 6.24%. This means that the expected range of value change for the Synthetix Network Token is -2.60% and 9.88% on 68% of the Tuesdays.

On an average Wednesday the Synthetix Network Token shows an increase in value of 1.70%. However, the change of Synthetix Network Token on most of the Wednesdays is between -1.31% and 4.72%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Synthetix Network Tokens.

The Synthetix Network Token declines in value on an average Thursday with -1.33%. However, the uncertainty (or standard deviation) is quite large, namely 3.89%. This means that it is not possible to say whether on a regular Thursday the Synthetix Network Token will increase or decrease in value.

On an average Friday, the Synthetix Network Token increased 0.34%. However, since the expected deviation is 1.33%, the Synthetix Network Token will decline in value on a Friday quiet regularly. The expected price change of the Synthetix Network Token on a Friday is between -0.99% and 1.67%.

The decrease in value of the Synthetix Network Token is -5.34% on an average Saturday. The uncertainty of the average change is high for the Synthetix Network Token on Saturdays. This means that it is hard to tell whether the Synthetix Network Token will decrease or increase in value on an average Saturday. If we look at the 68% range of the Synthetix Network Token, we see that on 68% of the Saturdays, the expected change of the Synthetix Network Token is between -9.84% and -0.85%.

Synthetix Network Token weekday performance details

Find below the details of the performance of Synthetix Network Token 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 1.68% 3.02% -1.34% to 4.70%
Monday 0.97% 8.04% -7.07% to 9.01%
Tuesday 3.64% 6.24% -2.60% to 9.88%
Wednesday 1.70% 3.02% -1.31% to 4.72%
Thursday -1.33% 3.89% -5.22% to 2.56%
Friday 0.34% 1.33% -0.99% to 1.67%
Saturday -5.34% 4.50% -9.84% to -0.85%
 

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