Binance Coin (BNB)

Current price: $ 592.61

24 hours price change: $ -59.62 (-9.14%)

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 October 27th, 2021 to November 27th, 2021.

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 10/27/2021 and 11/27/2021.

According to the performance of Binance Coin between October 27th, 2021 and November 27th, 2021, Binance Coin performed the best on Fridays. On average, the price of Binance Coin increased 3.38% on Friday.

The weekday on which the Binance Coin performed the worst, is Tuesday. On Tuesdays, the Binance Coin declined in value on average by -1.72%.

Binance Coin weekday performance

On Sundays, the Binance Coin decreases in value on average with -0.97%. On most of the Sundays the Binance Coin decreases in value between -2.57% and 0.64%. The uncertainty (1.60%) is higher than the average decline percentage (-0.97%). Therefore, expected range of price changes of the Binance Coin on Sundays is large.

Allthough the Binance Coin decreases in value with -0.38% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Binance Coin on Mondays is 1.35%. This means that the expected change of the value of Binance Coin is between -1.73% and 0.98% on 68 out of 100 Mondays.

The Binance Coin declines in value on an average Tuesday with -1.72%. However, the uncertainty (or standard deviation) is quite large, namely 3.19%. This means that it is not possible to say whether on a regular Tuesday the Binance Coin will increase or decrease in value.

On Wednesdays, the Binance Coin decreases in value on average with -0.67%. On most of the Wednesdays the Binance Coin decreases in value between -1.37% and 0.03%. The uncertainty (0.70%) is higher than the average decline percentage (-0.67%). Therefore, expected range of price changes of the Binance Coin on Wednesdays is large.

On an average Thursday, the Binance Coin increased 0.56%. However, since the expected deviation is 5.66%, 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 -5.10% and 6.22%.

The increase in value of the Binance Coin is 3.38% 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 4.23%. This means that the expected range of value change for the Binance Coin is -0.85% and 7.61% on 68% of the Fridays.

On an average Saturday, the Binance Coin increased 0.37%. However, since the expected deviation is 0.50%, the Binance Coin will decline in value on a Saturday quiet regularly. The expected price change of the Binance Coin on a Saturday is between -0.14% and 0.87%.

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 -0.97% 1.60% -2.57% to 0.64%
Monday -0.38% 1.35% -1.73% to 0.98%
Tuesday -1.72% 3.19% -4.91% to 1.47%
Wednesday -0.67% 0.70% -1.37% to 0.03%
Thursday 0.56% 5.66% -5.10% to 6.22%
Friday 3.38% 4.23% -0.85% to 7.61%
Saturday 0.37% 0.50% -0.14% to 0.87%
 

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