Bytecoin (BCN)

Current price: $ 0.0006

24 hours price change: - (-)

Daily analysis of Bytecoin (BCN) - all

The performance of Bytecoin regarding the price differs every day. To make the best decision to buy Bytecoin, we are analysis in this article the performance of Bytecoin on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last years, starting on June 1st, 2017 to December 12th, 2018.

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

Average daily change in price of Bytecoin per weekday between 06/01/2017 and 12/12/2018.

According to the performance of Bytecoin between June 1st, 2017 and December 12th, 2018, Bytecoin performed the best on Fridays. On average, the price of Bytecoin increased inf% on Friday.

The weekday on which the Bytecoin performed the worst, is Saturday. On Saturdays, the Bytecoin declined in value on average by -1.11%.

Bytecoin weekday performance

Bytecoin increased in value on an average Sunday only slightly. The average increase in value of the Bytecoin was 0.22%. Allthough the Bytecoin closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (7.12%). This means that on 68 percent of the Sundays, the change in price of the Bytecoin is expected to be in the range of -6.90% and 7.34%.

Bytecoin increased in value on an average Monday only slightly. The average increase in value of the Bytecoin was 0.05%. Allthough the Bytecoin closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (6.15%). This means that on 68 percent of the Mondays, the change in price of the Bytecoin is expected to be in the range of -6.11% and 6.20%.

Historical performance on Tuesday do not show an increase in value of the Bytecoin on which a prediction can be made. The Bytecoin increased in value on average on an average Tuesday with 0.76%. However, the uncertainty of this increase is high. The expected change in value of the Bytecoin on a Tuesday is between -6.64% and 8.16% (see also the table below).

Allthough the Bytecoin decreases in value with -0.31% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Bytecoin on Wednesdays is 6.28%. This means that the expected change of the value of Bytecoin is between -6.59% and 5.97% on 68 out of 100 Wednesdays.

On an average Thursday the Bytecoin shows an increase in value of 1.05%. However, the change of Bytecoin on most of the Thursdays is between -10.97% and 13.08%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Bytecoins.

On Fridays, the average increase of the value of the Bytecoin is very high. The average increase is inf%. The standard deviation of the Bytecoin on Fridays is nan%. This means that on 68% of the Fridays, the Bytecoin increases between nan% and nan%. The uncertainty is therefore not very high, since on most Fridays, the value of the Bytecoin will increase.

The Bytecoin declines in value on an average Saturday with -1.11%. However, the uncertainty (or standard deviation) is quite large, namely 6.52%. This means that it is not possible to say whether on a regular Saturday the Bytecoin will increase or decrease in value.

Bytecoin weekday performance details

Find below the details of the performance of Bytecoin 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
Sunday0.22%7.12%-6.90% to 7.34%
Monday0.05%6.15%-6.11% to 6.20%
Tuesday0.76%7.40%-6.64% to 8.16%
Wednesday-0.31%6.28%-6.59% to 5.97%
Thursday1.05%12.02%-10.97% to 13.08%
Fridayinf%nan%nan% to nan%
Saturday-1.11%6.52%-7.62% to 5.41%