Binance Coin (BNB)

Current price: $ 9.68

24 hours price change: $ -0.50 (-4.88%)

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 January 18th, 2019 to February 17th, 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 01/18/2019 and 02/17/2019.

According to the performance of Binance Coin between January 18th, 2019 and February 17th, 2019, Binance Coin performed the best on Mondays. On average, the price of Binance Coin increased 0.74% on Monday.

The weekday on which the Binance Coin performed the worst, is Friday. On Fridays, the Binance Coin declined in value on average by -1.55%.

Binance Coin weekday performance

On an average Sunday, the Binance Coin increased 0.33%. However, since the expected deviation is 0.35%, 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 -0.02% and 0.69%.

The expected range of change of the Binance Coin for an average Monday is between 0.07% and 1.41%. This is the result of an average increase in value of 0.74% and a standard deviation of %STANDARD_DEVIATION%}. This expected increase of value is calculated over the last 1 month.

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 0.00%. However, the standard deviation on this weekday is 0.11%. This means that on most Tuesdays, the change in value of the Binance Coin is between -0.11% and 0.11%.

The Binance Coin declines in value on an average Wednesday with -1.33%. However, the uncertainty (or standard deviation) is quite large, namely 2.41%. This means that it is not possible to say whether on a regular Wednesday the Binance Coin will increase or decrease in value.

Binance Coin increased in value on an average Thursday 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 (0.66%). 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 -0.58% and 0.73%.

The Binance Coin declines in value on an average Friday with -1.55%. However, the uncertainty (or standard deviation) is quite large, namely 1.54%. This means that it is not possible to say whether on a regular Friday the Binance Coin will increase or decrease in value.

Binance Coin increased in value on an average Saturday 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 (0.29%). 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 -0.26% and 0.32%.

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
Sunday0.33%0.35%-0.02% to 0.69%
Monday0.74%0.67%0.07% to 1.41%
Tuesday0.00%0.11%-0.11% to 0.11%
Wednesday-1.33%2.41%-3.74% to 1.08%
Thursday0.08%0.66%-0.58% to 0.73%
Friday-1.55%1.54%-3.09% to -0.02%
Saturday0.03%0.29%-0.26% to 0.32%