Bytecoin (BCN)

Current price: $ 0.000264

24 hours price change: $ 0.000006 (2.34%)

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 May 29th, 2022.

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 05/29/2022.

According to the performance of Bytecoin between June 1st, 2017 and May 29th, 2022, Bytecoin performed the best on Saturdays. On average, the price of Bytecoin increased 10.19% on Saturday.

The weekday on which the Bytecoin performed the worst, is Sunday. On Sundays, the Bytecoin rose in value on average by 0.17%. The price still increased on Sundays, allthough it was the smallest increase of all days on average.

Bytecoin weekday performance

Bytecoin increased in value on an average Sunday only slightly. The average increase in value of the Bytecoin was 0.17%. 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 (21.67%). This means that on 68 percent of the Sundays, the change in price of the Bytecoin is expected to be in the range of -21.50% and 21.84%.

The increase in value of the Bytecoin is 4.78% on an average Monday. However, the uncertainty on the average change is high for the Bytecoin on Mondays. This is the reason why an expected increase of the Bytecoin on an average Monday cannot be predicted. The standard deviation for Bytecoin on Mondays is high, namely 50.18%. This means that the expected range of value change for the Bytecoin is -45.41% and 54.96% on 68% of the Mondays.

The increase in value of the Bytecoin is 5.62% on an average Tuesday. However, the uncertainty on the average change is high for the Bytecoin on Tuesdays. This is the reason why an expected increase of the Bytecoin on an average Tuesday cannot be predicted. The standard deviation for Bytecoin on Tuesdays is high, namely 50.14%. This means that the expected range of value change for the Bytecoin is -44.52% and 55.77% on 68% of the Tuesdays.

The increase in value of the Bytecoin is 3.41% on an average Wednesday. However, the uncertainty on the average change is high for the Bytecoin on Wednesdays. This is the reason why an expected increase of the Bytecoin on an average Wednesday cannot be predicted. The standard deviation for Bytecoin on Wednesdays is high, namely 44.19%. This means that the expected range of value change for the Bytecoin is -40.77% and 47.60% on 68% of the Wednesdays.

On an average Thursday the Bytecoin shows an increase in value of 2.45%. However, the change of Bytecoin on most of the Thursdays is between -37.20% and 42.11%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Bytecoins.

On an average Friday, the Bytecoin increased 0.46%. However, since the expected deviation is 18.12%, the Bytecoin will decline in value on a Friday quiet regularly. The expected price change of the Bytecoin on a Friday is between -17.66% and 18.59%.

The increase in value of the Bytecoin is 10.19% on an average Saturday. However, the uncertainty on the average change is high for the Bytecoin on Saturdays. This is the reason why an expected increase of the Bytecoin on an average Saturday cannot be predicted. The standard deviation for Bytecoin on Saturdays is high, namely 75.05%. This means that the expected range of value change for the Bytecoin is -64.86% and 85.24% on 68% of the Saturdays.

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.

Weekday Average change (%) Standard deviation (%) 68% range
Sunday 0.17% 21.67% -21.50% to 21.84%
Monday 4.78% 50.18% -45.41% to 54.96%
Tuesday 5.62% 50.14% -44.52% to 55.77%
Wednesday 3.41% 44.19% -40.77% to 47.60%
Thursday 2.45% 39.65% -37.20% to 42.11%
Friday 0.46% 18.12% -17.66% to 18.59%
Saturday 10.19% 75.05% -64.86% to 85.24%
 

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