Binance Coin (BNB)

Current price: $ 17.63

24 hours price change: $ 0.11 (0.63%)

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 December 5th, 2019 to June 5th, 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 12/05/2019 and 06/05/2020.

According to the performance of Binance Coin between December 5th, 2019 and June 5th, 2020, Binance Coin performed the best on Tuesdays. On average, the price of Binance Coin increased 0.25% on Tuesday.

The weekday on which the Binance Coin performed the worst, is Thursday. On Thursdays, the Binance Coin declined in value on average by -1.88%.

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 0.01%. 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 (0.92%). 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 -0.91% and 0.93%.

Binance Coin increased in value on an average Monday only slightly. The average increase in value of the Binance Coin was 0.10%. 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 (0.71%). 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 -0.62% and 0.81%.

Binance Coin increased in value on an average Tuesday only slightly. The average increase in value of the Binance Coin was 0.25%. 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 (0.59%). 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 -0.34% and 0.85%.

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 -0.26%. However, the standard deviation on this weekday is 1.05%. This means that on most Wednesdays, the change in value of the Binance Coin is between -1.32% and 0.79%.

The Binance Coin declines in value on an average Thursday with -1.88%. However, the uncertainty (or standard deviation) is quite large, namely 10.96%. This means that it is not possible to say whether on a regular Thursday the Binance Coin will increase or decrease in value.

Allthough the Binance Coin decreases in value with -0.31% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Binance Coin on Fridays is 0.86%. This means that the expected change of the value of Binance Coin is between -1.17% and 0.55% 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 -0.01%. However, the standard deviation on this weekday is 0.66%. This means that on most Saturdays, the change in value of the Binance Coin is between -0.66% and 0.65%.

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 0.01% 0.92% -0.91% to 0.93%
Monday 0.10% 0.71% -0.62% to 0.81%
Tuesday 0.25% 0.59% -0.34% to 0.85%
Wednesday -0.26% 1.05% -1.32% to 0.79%
Thursday -1.88% 10.96% -12.84% to 9.08%
Friday -0.31% 0.86% -1.17% to 0.55%
Saturday -0.01% 0.66% -0.66% to 0.65%
 

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