Binance Coin (BNB)

Current price: $ 18.22

24 hours price change: $ -0.58 (-3.07%)

Daily analysis of Binance Coin (BNB) - 1 month

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 1 month, starting on September 20th, 2019 to October 20th, 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 09/20/2019 and 10/20/2019.

According to the performance of Binance Coin between September 20th, 2019 and October 20th, 2019, Binance Coin performed the best on Tuesdays. On average, the price of Binance Coin increased 0.53% on Tuesday.

The weekday on which the Binance Coin performed the worst, is Thursday. On Thursdays, the Binance Coin declined in value on average by -0.34%.

Binance Coin weekday performance

It is hard to tell whether the Binance Coin will increase or decrease in value on an average Sunday. The average change on a Sunday for the Binance Coin is -0.16%. However, the standard deviation on this weekday is 0.47%. This means that on most Sundays, the change in value of the Binance Coin is between -0.63% and 0.31%.

The average increase of the Binance Coin on an average Monday is 0.35%. This is a small increase, however, the expected change of the Binance Coin in 95% of the Mondays is -0.20% and 0.90%. This means that only on 2.5% (or slightly over 1 Monday per year) the expected change of the Binance Coin is below -0.20%. On the other hand, you would not have to expect that the change on a single Monday will be above 0.90%. This will also only happen on 2.5% of the Mondays. On 68% of the Mondays, the increase of the Binance Coin will be in the range of 0.07% and 0.62%.

The average increase of the Binance Coin on an average Tuesday is 0.53%. This is a small increase, however, the expected change of the Binance Coin in 95% of the Tuesdays is -0.34% and 1.40%. This means that only on 2.5% (or slightly over 1 Tuesday per year) the expected change of the Binance Coin is below -0.34%. On the other hand, you would not have to expect that the change on a single Tuesday will be above 1.40%. This will also only happen on 2.5% of the Tuesdays. On 68% of the Tuesdays, the increase of the Binance Coin will be in the range of 0.10% and 0.97%.

On an average Wednesday, the Binance Coin increased 0.32%. However, since the expected deviation is 0.64%, the Binance Coin will decline in value on a Wednesday quiet regularly. The expected price change of the Binance Coin on a Wednesday is between -0.32% and 0.96%.

Allthough the Binance Coin decreases in value with -0.34% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Binance Coin on Thursdays is 0.45%. This means that the expected change of the value of Binance Coin is between -0.79% and 0.11% on 68 out of 100 Thursdays.

Allthough the Binance Coin decreases in value with -0.30% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Binance Coin on Fridays is 0.39%. This means that the expected change of the value of Binance Coin is between -0.70% and 0.09% on 68 out of 100 Fridays.

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 -0.16%. However, the standard deviation on this weekday is 0.39%. This means that on most Saturdays, the change in value of the Binance Coin is between -0.55% and 0.24%.

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 -0.16% 0.47% -0.63% to 0.31%
Monday 0.35% 0.28% 0.07% to 0.62%
Tuesday 0.53% 0.44% 0.10% to 0.97%
Wednesday 0.32% 0.64% -0.32% to 0.96%
Thursday -0.34% 0.45% -0.79% to 0.11%
Friday -0.30% 0.39% -0.70% to 0.09%
Saturday -0.16% 0.39% -0.55% to 0.24%