Binance Coin (BNB)

Current price: $ 5.14

24 hours price change: $ -0.08 (-1.53%)

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 November 17th, 2018 to December 16th, 2018.

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 11/17/2018 and 12/16/2018.

According to the performance of Binance Coin between November 17th, 2018 and December 16th, 2018, Binance Coin performed the best on Tuesdays. On average, the price of Binance Coin increased 0.45% 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 -1.47%.

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 -0.15%. However, the standard deviation on this weekday is 0.97%. This means that on most Sundays, the change in value of the Binance Coin is between -1.12% and 0.82%.

Binance Coin increased in value on an average Monday only slightly. The average increase in value of the Binance Coin was 0.08%. 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 (0.32%). 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 -0.24% and 0.40%.

On an average Tuesday, the Binance Coin increased 0.45%. However, since the expected deviation is 1.35%, the Binance Coin will decline in value on a Tuesday quiet regularly. The expected price change of the Binance Coin on a Tuesday is between -0.90% and 1.80%.

On Wednesdays, the Binance Coin decreases in value on average with -0.70%. On most of the Wednesdays the Binance Coin decreases in value between -1.11% and -0.29%. The uncertainty (0.41%) is higher than the average decline percentage (-0.70%). Therefore, expected range of price changes of the Binance Coin on Wednesdays is large.

The Binance Coin declines in value on an average Thursday with -1.47%. However, the uncertainty (or standard deviation) is quite large, namely 1.80%. This means that it is not possible to say whether on a regular Thursday the Binance Coin will increase or decrease in value.

On an average Friday, the Binance Coin increased 0.34%. However, since the expected deviation is 0.36%, the Binance Coin will decline in value on a Friday quiet regularly. The expected price change of the Binance Coin on a Friday is between -0.02% and 0.70%.

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 -0.19%. However, the standard deviation on this weekday is 0.70%. This means that on most Saturdays, the change in value of the Binance Coin is between -0.89% and 0.52%.

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
Sunday-0.15%0.97%-1.12% to 0.82%
Monday0.08%0.32%-0.24% to 0.40%
Tuesday0.45%1.35%-0.90% to 1.80%
Wednesday-0.70%0.41%-1.11% to -0.29%
Thursday-1.47%1.80%-3.27% to 0.32%
Friday0.34%0.36%-0.02% to 0.70%
Saturday-0.19%0.70%-0.89% to 0.52%