Binance Coin (BNB)

Current price: $ 327.52

24 hours price change: $ 8.90 (2.79%)

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 April 23rd, 2022 to May 23rd, 2022.

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 04/23/2022 and 05/23/2022.

According to the performance of Binance Coin between April 23rd, 2022 and May 23rd, 2022, Binance Coin performed the best on Thursdays. On average, the price of Binance Coin increased 1.09% on Thursday.

The weekday on which the Binance Coin performed the worst, is Friday. On Fridays, the Binance Coin declined in value on average by -0.88%.

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 -0.02%. However, the standard deviation on this weekday is 0.04%. This means that on most Sundays, the change in value of the Binance Coin is between -0.07% and 0.02%.

It is hard to tell whether the Binance Coin will increase or decrease in value on an average Monday. The average change on a Monday for the Binance Coin is -0.03%. However, the standard deviation on this weekday is 0.06%. This means that on most Mondays, the change in value of the Binance Coin is between -0.09% and 0.03%.

The Binance Coin will almost not change or only slightly increase in value on an average Tuesday. The average change of the Binance Coin on Tuesdays is 0.17%. The standard deviation of the Binance Coin is 0.11%, which means that in 68% of the Tuesdays, the range of the change of the Binance Coin is 0.06% and 0.27%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.

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 -0.03%. However, the standard deviation on this weekday is 0.03%. This means that on most Wednesdays, the change in value of the Binance Coin is between -0.06% and -0.01%.

On an average Thursday the Binance Coin shows an increase in value of 1.09%. However, the change of Binance Coin on most of the Thursdays is between -0.58% and 2.76%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Binance Coins.

On Fridays, the Binance Coin decreases in value on average with -0.88%. On most of the Fridays the Binance Coin decreases in value between -2.37% and 0.61%. The uncertainty (1.49%) is higher than the average decline percentage (-0.88%). Therefore, expected range of price changes of the Binance Coin on Fridays is large.

On Saturdays, the Binance Coin decreases in value on average with -0.77%. On most of the Saturdays the Binance Coin decreases in value between -2.41% and 0.86%. The uncertainty (1.64%) is higher than the average decline percentage (-0.77%). Therefore, expected range of price changes of the Binance Coin on Saturdays is large.

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 -0.02% 0.04% -0.07% to 0.02%
Monday -0.03% 0.06% -0.09% to 0.03%
Tuesday 0.17% 0.11% 0.06% to 0.27%
Wednesday -0.03% 0.03% -0.06% to -0.01%
Thursday 1.09% 1.67% -0.58% to 2.76%
Friday -0.88% 1.49% -2.37% to 0.61%
Saturday -0.77% 1.64% -2.41% to 0.86%
 

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