Bytecoin (BCN)

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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 17th, 2024.

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 05/17/2024.

According to the performance of Bytecoin between June 1st, 2017 and May 17th, 2024, Bytecoin performed the best on Saturdays. On average, the price of Bytecoin increased 34.59% on Saturday.

The weekday on which the Bytecoin performed the worst, is Friday. On Fridays, the Bytecoin rose in value on average by 0.03%. 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 9.69% 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 116.98%. This means that the expected range of value change for the Bytecoin is -107.28% and 126.67% on 68% of the Sundays.

The increase in value of the Bytecoin is 20.87% 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 182.89%. This means that the expected range of value change for the Bytecoin is -162.02% and 203.76% on 68% of the Mondays.

The increase in value of the Bytecoin is 14.33% 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 186.70%. This means that the expected range of value change for the Bytecoin is -172.36% and 201.03% on 68% of the Tuesdays.

The increase in value of the Bytecoin is 25.25% 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 265.93%. This means that the expected range of value change for the Bytecoin is -240.68% and 291.19% on 68% of the Wednesdays.

The increase in value of the Bytecoin is 11.36% 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 162.53%. This means that the expected range of value change for the Bytecoin is -151.17% and 173.90% on 68% of the Thursdays.

Bytecoin increased in value on an average Friday only slightly. The average increase in value of the Bytecoin was 0.03%. 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 (17.08%). This means that on 68 percent of the Fridays, the change in price of the Bytecoin is expected to be in the range of -17.05% and 17.11%.

The increase in value of the Bytecoin is 34.59% 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 258.61%. This means that the expected range of value change for the Bytecoin is -224.02% and 293.20% 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 9.69% 116.98% -107.28% to 126.67%
Monday 20.87% 182.89% -162.02% to 203.76%
Tuesday 14.33% 186.70% -172.36% to 201.03%
Wednesday 25.25% 265.93% -240.68% to 291.19%
Thursday 11.36% 162.53% -151.17% to 173.90%
Friday 0.03% 17.08% -17.05% to 17.11%
Saturday 34.59% 258.61% -224.02% to 293.20%
 

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