Binance Coin (BNB)

Current price: $ 23.18

24 hours price change: $ -0.29 (-1.24%)

Daily analysis of Binance Coin (BNB) - 6 months

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 6 months, starting on March 24th, 2020 to September 23rd, 2020.

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 03/24/2020 and 09/23/2020.

According to the performance of Binance Coin between March 24th, 2020 and September 23rd, 2020, Binance Coin performed the best on Saturdays. On average, the price of Binance Coin increased 0.71% on Saturday.

The weekday on which the Binance Coin performed the worst, is Thursday. On Thursdays, the Binance Coin declined in value on average by -2.11%.

Binance Coin weekday performance

Binance Coin increased in value on an average Sunday 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 (0.14%). This means that on 68 percent of the Sundays, the change in price of the Binance Coin is expected to be in the range of -0.11% and 0.17%.

Binance Coin increased in value on an average Monday only slightly. The average increase in value of the Binance Coin was 0.01%. 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 (0.11%). 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 -0.10% and 0.12%.

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 -0.03%. However, the standard deviation on this weekday is 0.15%. This means that on most Tuesdays, the change in value of the Binance Coin is between -0.18% and 0.12%.

Binance Coin increased in value on an average Wednesday only slightly. The average increase in value of the Binance Coin was 0.04%. 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 (0.10%). This means that on 68 percent of the Wednesdays, the change in price of the Binance Coin is expected to be in the range of -0.05% and 0.14%.

The Binance Coin declines in value on an average Thursday with -2.11%. However, the uncertainty (or standard deviation) is quite large, namely 11.13%. This means that it is not possible to say whether on a regular Thursday the Binance Coin will increase or decrease in value.

It is hard to tell whether the Binance Coin will increase or decrease in value on an average Friday. The average change on a Friday for the Binance Coin is -0.09%. However, the standard deviation on this weekday is 0.32%. This means that on most Fridays, the change in value of the Binance Coin is between -0.41% and 0.23%.

Historical performance on Saturday do not show an increase in value of the Binance Coin on which a prediction can be made. The Binance Coin increased in value on average on an average Saturday with 0.71%. However, the uncertainty of this increase is high. The expected change in value of the Binance Coin on a Saturday is between -2.97% and 4.39% (see also the table below).

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 0.03% 0.14% -0.11% to 0.17%
Monday 0.01% 0.11% -0.10% to 0.12%
Tuesday -0.03% 0.15% -0.18% to 0.12%
Wednesday 0.04% 0.10% -0.05% to 0.14%
Thursday -2.11% 11.13% -13.24% to 9.02%
Friday -0.09% 0.32% -0.41% to 0.23%
Saturday 0.71% 3.68% -2.97% to 4.39%
 

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