Binance Coin (BNB)

Current price: $ 536.28

24 hours price change: $ -19.58 (-3.52%)

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 April 16th, 2024.

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 04/16/2024.

According to the performance of Binance Coin between September 7th, 2017 and April 16th, 2024, Binance Coin performed the best on Fridays. On average, the price of Binance Coin increased 3.88% on Friday.

The weekday on which the Binance Coin performed the worst, is Wednesday. On Wednesdays, the Binance Coin rose in value on average by 0.01%. The price still increased on Wednesdays, allthough it was the smallest increase of all days on average.

Binance Coin weekday performance

On an average Sunday, the Binance Coin increased 0.55%. However, since the expected deviation is 4.03%, the Binance Coin will decline in value on a Sunday quiet regularly. The expected price change of the Binance Coin on a Sunday is between -3.48% and 4.58%.

Binance Coin increased in value on an average Monday only slightly. The average increase in value of the Binance Coin was 0.03%. 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 (2.55%). 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 -2.52% and 2.58%.

Binance Coin increased in value on an average Tuesday only slightly. The average increase in value of the Binance Coin was 0.12%. 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 (2.66%). 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 -2.55% and 2.78%.

Binance Coin increased in value on an average Wednesday only slightly. The average increase in value of the Binance Coin was 0.01%. 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 (3.47%). This means that on 68 percent of the Wednesdays, the change in price of the Binance Coin is expected to be in the range of -3.47% and 3.48%.

Binance Coin increased in value on an average Thursday only slightly. The average increase in value of the Binance Coin was 0.12%. 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 (4.66%). This means that on 68 percent of the Thursdays, the change in price of the Binance Coin is expected to be in the range of -4.54% and 4.77%.

The increase in value of the Binance Coin is 3.88% on an average Friday. However, the uncertainty on the average change is high for the Binance Coin on Fridays. This is the reason why an expected increase of the Binance Coin on an average Friday cannot be predicted. The standard deviation for Binance Coin on Fridays is high, namely 70.23%. This means that the expected range of value change for the Binance Coin is -66.35% and 74.11% on 68% of the Fridays.

Binance Coin increased in value on an average Saturday only slightly. The average increase in value of the Binance Coin was 0.04%. 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 (3.20%). This means that on 68 percent of the Saturdays, the change in price of the Binance Coin is expected to be in the range of -3.16% and 3.24%.

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.

Weekday Average change (%) Standard deviation (%) 68% range
Sunday 0.55% 4.03% -3.48% to 4.58%
Monday 0.03% 2.55% -2.52% to 2.58%
Tuesday 0.12% 2.66% -2.55% to 2.78%
Wednesday 0.01% 3.47% -3.47% to 3.48%
Thursday 0.12% 4.66% -4.54% to 4.77%
Friday 3.88% 70.23% -66.35% to 74.11%
Saturday 0.04% 3.20% -3.16% to 3.24%
 

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