Binance Coin (BNB)

Current price: $ 332.98

24 hours price change: $ 16.50 (5.21%)

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 November 23rd, 2021 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 11/23/2021 and 05/23/2022.

According to the performance of Binance Coin between November 23rd, 2021 and May 23rd, 2022, Binance Coin performed the best on Thursdays. On average, the price of Binance Coin increased 0.34% on Thursday.

The weekday on which the Binance Coin performed the worst, is Monday. On Mondays, the Binance Coin declined in value on average by -0.44%.

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 -0.06%. However, the standard deviation on this weekday is 0.75%. This means that on most Sundays, the change in value of the Binance Coin is between -0.81% and 0.69%.

Allthough the Binance Coin decreases in value with -0.44% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Binance Coin on Mondays is 0.89%. This means that the expected change of the value of Binance Coin is between -1.33% and 0.46% on 68 out of 100 Mondays.

Binance Coin increased in value on an average Tuesday 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 (0.65%). This means that on 68 percent of the Tuesdays, the change in price of the Binance Coin is expected to be in the range of -0.62% and 0.67%.

Binance Coin increased in value on an average Wednesday only slightly. The average increase in value of the Binance Coin was 0.19%. 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 (0.90%). 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 -0.71% and 1.09%.

On an average Thursday, the Binance Coin increased 0.34%. However, since the expected deviation is 0.94%, 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 -0.60% and 1.28%.

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 0.97%. This means that the expected change of the value of Binance Coin is between -1.32% and 0.62% on 68 out of 100 Fridays.

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 (1.15%). 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 -1.12% and 1.18%.

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 -0.06% 0.75% -0.81% to 0.69%
Monday -0.44% 0.89% -1.33% to 0.46%
Tuesday 0.03% 0.65% -0.62% to 0.67%
Wednesday 0.19% 0.90% -0.71% to 1.09%
Thursday 0.34% 0.94% -0.60% to 1.28%
Friday -0.35% 0.97% -1.32% to 0.62%
Saturday 0.03% 1.15% -1.12% to 1.18%
 

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