Binance Coin (BNB)

Current price: $ 606.90

24 hours price change: $ 4.26 (0.71%)

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 March 24th, 2024 to April 24th, 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 03/24/2024 and 04/24/2024.

According to the performance of Binance Coin between March 24th, 2024 and April 24th, 2024, Binance Coin performed the best on Fridays. On average, the price of Binance Coin increased 1.26% on Friday.

The weekday on which the Binance Coin performed the worst, is Saturday. On Saturdays, the Binance Coin declined in value on average by -0.49%.

Binance Coin weekday performance

On an average Sunday the Binance Coin shows an increase in value of 1.13%. However, the change of Binance Coin on most of the Sundays is between -0.01% and 2.28%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Binance Coins.

On an average Monday the Binance Coin shows an increase in value of 1.17%. However, the change of Binance Coin on most of the Mondays is between -0.29% and 2.63%. Therefore it is hard to tell whether an average Monday is a good day to start buying Binance Coins.

It is hard to tell whether the Binance Coin will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Binance Coin is -0.23%. However, the standard deviation on this weekday is 0.46%. This means that on most Tuesdays, the change in value of the Binance Coin is between -0.69% and 0.23%.

It is hard to tell whether the Binance Coin will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Binance Coin is -0.22%. However, the standard deviation on this weekday is 0.43%. This means that on most Wednesdays, the change in value of the Binance Coin is between -0.65% and 0.22%.

On an average Thursday, the Binance Coin increased 0.41%. However, since the expected deviation is 0.71%, the Binance Coin will decline in value on a Thursday quiet regularly. The expected price change of the Binance Coin on a Thursday is between -0.30% and 1.12%.

On an average Friday the Binance Coin shows an increase in value of 1.26%. However, the change of Binance Coin on most of the Fridays is between -0.92% and 3.45%. Therefore it is hard to tell whether an average Friday is a good day to start buying Binance Coins.

Allthough the Binance Coin decreases in value with -0.49% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of Binance Coin on Saturdays is 0.84%. This means that the expected change of the value of Binance Coin is between -1.33% and 0.36% on 68 out of 100 Saturdays.

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 1.13% 1.15% -0.01% to 2.28%
Monday 1.17% 1.46% -0.29% to 2.63%
Tuesday -0.23% 0.46% -0.69% to 0.23%
Wednesday -0.22% 0.43% -0.65% to 0.22%
Thursday 0.41% 0.71% -0.30% to 1.12%
Friday 1.26% 2.19% -0.92% to 3.45%
Saturday -0.49% 0.84% -1.33% to 0.36%
 

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