Bytecoin (BCN)

Current price: $ 0.000501

24 hours price change: $ -0.000009 (-1.67%)

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 January 30th, 2023.

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 01/30/2023.

According to the performance of Bytecoin between June 1st, 2017 and January 30th, 2023, Bytecoin performed the best on Saturdays. On average, the price of Bytecoin increased 32.90% on Saturday.

The weekday on which the Bytecoin performed the worst, is Friday. On Fridays, the Bytecoin rose in value on average by 0.09%. The price still increased on Fridays, allthough it was the smallest increase of all days on average.

Bytecoin weekday performance

The increase in value of the Bytecoin is 11.82% on an average Sunday. However, the uncertainty on the average change is high for the Bytecoin on Sundays. This is the reason why an expected increase of the Bytecoin on an average Sunday cannot be predicted. The standard deviation for Bytecoin on Sundays is high, namely 129.27%. This means that the expected range of value change for the Bytecoin is -117.45% and 141.09% on 68% of the Sundays.

The increase in value of the Bytecoin is 7.04% 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 70.45%. This means that the expected range of value change for the Bytecoin is -63.41% and 77.48% on 68% of the Mondays.

The increase in value of the Bytecoin is 12.23% 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 175.12%. This means that the expected range of value change for the Bytecoin is -162.90% and 187.35% on 68% of the Tuesdays.

The increase in value of the Bytecoin is 31.99% 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 294.26%. This means that the expected range of value change for the Bytecoin is -262.27% and 326.26% on 68% of the Wednesdays.

The increase in value of the Bytecoin is 14.29% on an average Thursday. However, the uncertainty on the average change is high for the Bytecoin on Thursdays. This is the reason why an expected increase of the Bytecoin on an average Thursday cannot be predicted. The standard deviation for Bytecoin on Thursdays is high, namely 179.94%. This means that the expected range of value change for the Bytecoin is -165.66% and 194.23% on 68% of the Thursdays.

Bytecoin increased in value on an average Friday only slightly. The average increase in value of the Bytecoin was 0.09%. 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 (17.87%). This means that on 68 percent of the Fridays, the change in price of the Bytecoin is expected to be in the range of -17.78% and 17.96%.

The increase in value of the Bytecoin is 32.90% 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 259.66%. This means that the expected range of value change for the Bytecoin is -226.77% and 292.56% 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 11.82% 129.27% -117.45% to 141.09%
Monday 7.04% 70.45% -63.41% to 77.48%
Tuesday 12.23% 175.12% -162.90% to 187.35%
Wednesday 31.99% 294.26% -262.27% to 326.26%
Thursday 14.29% 179.94% -165.66% to 194.23%
Friday 0.09% 17.87% -17.78% to 17.96%
Saturday 32.90% 259.66% -226.77% to 292.56%
 

About Us

: Financial indicators for cryptocurrencies