Bytecoin (BCN)

Current price: $ 0.0006

24 hours price change: - (-)

Daily analysis of Bytecoin (BCN) - 1 month

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 1 month, starting on November 12th, 2018 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 11/12/2018 and 12/12/2018.

According to the performance of Bytecoin between November 12th, 2018 and December 12th, 2018, Bytecoin performed the best on Mondays. On average, the price of Bytecoin increased 1.37% on Monday.

The weekday on which the Bytecoin performed the worst, is Friday. On Fridays, the Bytecoin declined in value on average by -0.83%.

Bytecoin weekday performance

It is hard to tell whether the Bytecoin will increase or decrease in value on an average Sunday. The average change on a Sunday for the Bytecoin is -0.03%. However, the standard deviation on this weekday is 0.40%. This means that on most Sundays, the change in value of the Bytecoin is between -0.43% and 0.37%.

On an average Monday the Bytecoin shows an increase in value of 1.37%. However, the change of Bytecoin on most of the Mondays is between -1.08% and 3.82%. Therefore it is hard to tell whether an average Monday is a good day to start buying Bytecoins.

It is hard to tell whether the Bytecoin will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Bytecoin is -0.06%. However, the standard deviation on this weekday is 0.26%. This means that on most Tuesdays, the change in value of the Bytecoin is between -0.32% and 0.20%.

It is hard to tell whether the Bytecoin will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Bytecoin is -0.18%. However, the standard deviation on this weekday is 0.27%. This means that on most Wednesdays, the change in value of the Bytecoin is between -0.44% and 0.09%.

On Thursdays, the Bytecoin decreases in value on average with -0.65%. On most of the Thursdays the Bytecoin decreases in value between -1.60% and 0.30%. The uncertainty (0.95%) is higher than the average decline percentage (-0.65%). Therefore, expected range of price changes of the Bytecoin on Thursdays is large.

On Fridays, the Bytecoin decreases in value on average with -0.83%. On most of the Fridays the Bytecoin decreases in value between -2.69% and 1.04%. The uncertainty (1.86%) is higher than the average decline percentage (-0.83%). Therefore, expected range of price changes of the Bytecoin on Fridays is large.

Bytecoin increased in value on an average Saturday 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 (0.17%). This means that on 68 percent of the Saturdays, the change in price of the Bytecoin is expected to be in the range of -0.08% and 0.27%.

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
Sunday-0.03%0.40%-0.43% to 0.37%
Monday1.37%2.45%-1.08% to 3.82%
Tuesday-0.06%0.26%-0.32% to 0.20%
Wednesday-0.18%0.27%-0.44% to 0.09%
Thursday-0.65%0.95%-1.60% to 0.30%
Friday-0.83%1.86%-2.69% to 1.04%
Saturday0.09%0.17%-0.08% to 0.27%