Binance Coin (BNB)

Current price: $ 28.22

24 hours price change: $ 0.07 (0.24%)

Daily analysis of Binance Coin (BNB) - all

The performance of Binance Coin regarding the price differs every day. To make the best decision to buy Binance Coin, we are analysis in this article the performance of Binance Coin on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last years, starting on September 7th, 2017 to July 14th, 2019.

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

Average daily change in price of Binance Coin per weekday between 09/07/2017 and 07/14/2019.

According to the performance of Binance Coin between September 7th, 2017 and July 14th, 2019, Binance Coin performed the best on Fridays. On average, the price of Binance Coin increased inf% on Friday.

The weekday on which the Binance Coin performed the worst, is Wednesday. On Wednesdays, the Binance Coin declined in value on average by -0.32%.

Binance Coin weekday performance

On an average Sunday the Binance Coin shows an increase in value of 1.81%. However, the change of Binance Coin on most of the Sundays is between -5.43% and 9.06%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Binance Coins.

Binance Coin increased in value on an average Monday only slightly. The average increase in value of the Binance Coin was 0.07%. Allthough the Binance Coin closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (4.43%). This means that on 68 percent of the Mondays, the change in price of the Binance Coin is expected to be in the range of -4.36% and 4.50%.

Binance Coin increased in value on an average Tuesday only slightly. The average increase in value of the Binance Coin was 0.07%. Allthough the Binance Coin closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (4.43%). This means that on 68 percent of the Tuesdays, the change in price of the Binance Coin is expected to be in the range of -4.36% and 4.50%.

Allthough the Binance Coin decreases in value with -0.32% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Binance Coin on Wednesdays is 5.93%. This means that the expected change of the value of Binance Coin is between -6.25% and 5.61% on 68 out of 100 Wednesdays.

Historical performance on Thursday do not show an increase in value of the Binance Coin on which a prediction can be made. The Binance Coin increased in value on average on an average Thursday with 0.60%. However, the uncertainty of this increase is high. The expected change in value of the Binance Coin on a Thursday is between -5.57% and 6.77% (see also the table below).

On Fridays, the average increase of the value of the Binance Coin is very high. The average increase is inf%. The standard deviation of the Binance Coin on Fridays is nan%. This means that on 68% of the Fridays, the Binance Coin increases between nan% and nan%. The uncertainty is therefore not very high, since on most Fridays, the value of the Binance Coin will increase.

It is hard to tell whether the Binance Coin will increase or decrease in value on an average Saturday. The average change on a Saturday for the Binance Coin is -0.03%. However, the standard deviation on this weekday is 5.35%. This means that on most Saturdays, the change in value of the Binance Coin is between -5.38% and 5.33%.

Binance Coin weekday performance details

Find below the details of the performance of Binance Coin 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.

WeekdayAverage change (%)Standard deviation (%)68% range
Sunday1.81%7.25%-5.43% to 9.06%
Monday0.07%4.43%-4.36% to 4.50%
Tuesday0.07%4.43%-4.36% to 4.50%
Wednesday-0.32%5.93%-6.25% to 5.61%
Thursday0.60%6.17%-5.57% to 6.77%
Fridayinf%nan%nan% to nan%
Saturday-0.03%5.35%-5.38% to 5.33%