Binance Coin (BNB)

Current price: $ 21.74

24 hours price change: $ 1.17 (5.71%)

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 October 18th, 2018 to April 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 10/18/2018 and 04/17/2019.

According to the performance of Binance Coin between October 18th, 2018 and April 17th, 2019, Binance Coin performed the best on Sundays. On average, the price of Binance Coin increased 0.61% on Sunday.

The weekday on which the Binance Coin performed the worst, is Wednesday. On Wednesdays, the Binance Coin declined in value on average by -0.67%.

Binance Coin weekday performance

Historical performance on Sunday 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 Sunday with 0.61%. However, the uncertainty of this increase is high. The expected change in value of the Binance Coin on a Sunday is between -1.02% and 2.24% (see also the table below).

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 -0.19%. However, the standard deviation on this weekday is 1.59%. This means that on most Mondays, the change in value of the Binance Coin is between -1.78% and 1.41%.

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 -0.27%. However, the standard deviation on this weekday is 0.84%. This means that on most Tuesdays, the change in value of the Binance Coin is between -1.11% and 0.58%.

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 -3.53% and 2.18%. The uncertainty (2.86%) is higher than the average decline percentage (-0.67%). Therefore, expected range of price changes of the Binance Coin on Wednesdays is large.

It is hard to tell whether the Binance Coin will increase or decrease in value on an average Thursday. The average change on a Thursday for the Binance Coin is -0.21%. However, the standard deviation on this weekday is 1.03%. This means that on most Thursdays, the change in value of the Binance Coin is between -1.24% and 0.82%.

Allthough the Binance Coin decreases in value with -0.35% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Binance Coin on Fridays is 1.03%. This means that the expected change of the value of Binance Coin is between -1.38% and 0.68% on 68 out of 100 Fridays.

It is hard to tell whether the Binance Coin will increase or decrease in value on an average Saturday. The average change on a Saturday for the Binance Coin is -0.16%. However, the standard deviation on this weekday is 0.44%. This means that on most Saturdays, the change in value of the Binance Coin is between -0.59% and 0.28%.

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
Sunday0.61%1.63%-1.02% to 2.24%
Monday-0.19%1.59%-1.78% to 1.41%
Tuesday-0.27%0.84%-1.11% to 0.58%
Wednesday-0.67%2.86%-3.53% to 2.18%
Thursday-0.21%1.03%-1.24% to 0.82%
Friday-0.35%1.03%-1.38% to 0.68%
Saturday-0.16%0.44%-0.59% to 0.28%