BitShares (BTS)

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Daily analysis of BitShares (BTS) - 1 month

The performance of BitShares regarding the price differs every day. To make the best decision to buy BitShares, we are analysis in this article the performance of BitShares on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on April 24th, 2024 to May 17th, 2024.

In the barchart below, the weekdays and average performance of BitShares are shown side by side.

Average daily change in price of BitShares per weekday between 04/24/2024 and 05/17/2024.

According to the performance of BitShares between April 24th, 2024 and May 17th, 2024, BitShares performed the best on Fridays. On average, the price of BitShares increased 5.35% on Friday.

The weekday on which the BitShares performed the worst, is Tuesday. On Tuesdays, the BitShares declined in value on average by -2.35%.

BitShares weekday performance

On Sundays, the average increase of the value of the BitShares is very high. The average increase is 3.84%. The standard deviation of the BitShares on Sundays is 3.47%. This means that on 68% of the Sundays, the BitShares increases between 0.37% and 7.31%. The uncertainty is therefore not very high, since on most Sundays, the value of the BitShares will increase.

On an average Monday the BitShares shows an increase in value of 1.72%. However, the change of BitShares on most of the Mondays is between -1.58% and 5.02%. Therefore it is hard to tell whether an average Monday is a good day to start buying BitSharess.

The BitShares declines in value on an average Tuesday with -2.35%. However, the uncertainty (or standard deviation) is quite large, namely 2.05%. This means that it is not possible to say whether on a regular Tuesday the BitShares will increase or decrease in value.

On an average Wednesday the BitShares shows an increase in value of 1.00%. However, the change of BitShares on most of the Wednesdays is between -1.23% and 3.24%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying BitSharess.

On an average Thursday, the BitShares increased 0.51%. However, since the expected deviation is 5.34%, the BitShares will decline in value on a Thursday quiet regularly. The expected price change of the BitShares on a Thursday is between -4.82% and 5.85%.

The increase in value of the BitShares is 5.35% on an average Friday. However, the uncertainty on the average change is high for the BitShares on Fridays. This is the reason why an expected increase of the BitShares on an average Friday cannot be predicted. The standard deviation for BitShares on Fridays is high, namely 5.98%. This means that the expected range of value change for the BitShares is -0.64% and 11.33% on 68% of the Fridays.

On an average Saturday the BitShares shows an increase in value of 1.82%. However, the change of BitShares on most of the Saturdays is between -1.12% and 4.77%. Therefore it is hard to tell whether an average Saturday is a good day to start buying BitSharess.

BitShares weekday performance details

Find below the details of the performance of BitShares 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 3.84% 3.47% 0.37% to 7.31%
Monday 1.72% 3.30% -1.58% to 5.02%
Tuesday -2.35% 2.05% -4.39% to -0.30%
Wednesday 1.00% 2.24% -1.23% to 3.24%
Thursday 0.51% 5.34% -4.82% to 5.85%
Friday 5.35% 5.98% -0.64% to 11.33%
Saturday 1.82% 2.94% -1.12% to 4.77%
 

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: Financial indicators for cryptocurrencies