Binance Coin (BNB)

Current price: $ 522.70

24 hours price change: $ 0.13 (0.02%)

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 17th, 2020 to April 17th, 2021.

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 10/17/2020 and 04/17/2021.

According to the performance of Binance Coin between October 17th, 2020 and April 17th, 2021, Binance Coin performed the best on Tuesdays. On average, the price of Binance Coin increased 0.44% on Tuesday.

The weekday on which the Binance Coin performed the worst, is Wednesday. On Wednesdays, the Binance Coin declined in value on average by -0.48%.

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 0.29%. 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 (2.39%). 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 -2.10% and 2.67%.

Allthough the Binance Coin decreases in value with -0.33% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Binance Coin on Mondays is 2.18%. This means that the expected change of the value of Binance Coin is between -2.51% and 1.84% on 68 out of 100 Mondays.

On an average Tuesday, the Binance Coin increased 0.44%. However, since the expected deviation is 3.13%, the Binance Coin will decline in value on a Tuesday quiet regularly. The expected price change of the Binance Coin on a Tuesday is between -2.69% and 3.58%.

Allthough the Binance Coin decreases in value with -0.48% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Binance Coin on Wednesdays is 2.51%. This means that the expected change of the value of Binance Coin is between -2.98% and 2.03% on 68 out of 100 Wednesdays.

On an average Thursday, the Binance Coin increased 0.40%. However, since the expected deviation is 1.93%, 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 -1.54% and 2.33%.

On an average Friday, the Binance Coin increased 0.31%. However, since the expected deviation is 2.83%, the Binance Coin will decline in value on a Friday quiet regularly. The expected price change of the Binance Coin on a Friday is between -2.52% and 3.14%.

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 -0.06%. However, the standard deviation on this weekday is 2.92%. This means that on most Saturdays, the change in value of the Binance Coin is between -2.97% and 2.86%.

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 0.29% 2.39% -2.10% to 2.67%
Monday -0.33% 2.18% -2.51% to 1.84%
Tuesday 0.44% 3.13% -2.69% to 3.58%
Wednesday -0.48% 2.51% -2.98% to 2.03%
Thursday 0.40% 1.93% -1.54% to 2.33%
Friday 0.31% 2.83% -2.52% to 3.14%
Saturday -0.06% 2.92% -2.97% to 2.86%
 

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