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 9th, 2023 to December 9th, 2023.
In the barchart below, the weekdays and average performance of Bytecoin are shown side by side.
According to the performance of Bytecoin between November 9th, 2023 and December 9th, 2023, Bytecoin performed the best on Thursdays. On average, the price of Bytecoin increased 2.86% on Thursday.
The weekday on which the Bytecoin performed the worst, is Saturday. On Saturdays, the Bytecoin declined in value on average by -1.55%.
Bytecoin weekday performance
On Sundays, the Bytecoin decreases in value on average with -0.78%. On most of the Sundays the Bytecoin decreases in value between -1.10% and -0.45%. The uncertainty (0.32%) is higher than the average decline percentage (-0.78%). Therefore, expected range of price changes of the Bytecoin on Sundays is large.
Bytecoin increased in value on an average Monday only slightly. The average increase in value of the Bytecoin was 0.12%. 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 (0.85%). This means that on 68 percent of the Mondays, the change in price of the Bytecoin is expected to be in the range of -0.73% and 0.97%.
On an average Tuesday the Bytecoin shows an increase in value of 1.24%. However, the change of Bytecoin on most of the Tuesdays is between -0.35% and 2.83%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Bytecoins.
Historical performance on Wednesday 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 Wednesday with 0.62%. However, the uncertainty of this increase is high. The expected change in value of the Bytecoin on a Wednesday is between -1.42% and 2.65% (see also the table below).
On an average Thursday the Bytecoin shows an increase in value of 2.86%. However, the change of Bytecoin on most of the Thursdays is between -1.25% and 6.97%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Bytecoins.
On an average Friday the Bytecoin shows an increase in value of 1.78%. However, the change of Bytecoin on most of the Fridays is between -3.54% and 7.11%. Therefore it is hard to tell whether an average Friday is a good day to start buying Bytecoins.
The Bytecoin declines in value on an average Saturday with -1.55%. However, the uncertainty (or standard deviation) is quite large, namely 1.17%. 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.
|Weekday||Average change (%)||Standard deviation (%)||68% range|
|Sunday||-0.78%||0.32%||-1.10% to -0.45%|
|Monday||0.12%||0.85%||-0.73% to 0.97%|
|Tuesday||1.24%||1.59%||-0.35% to 2.83%|
|Wednesday||0.62%||2.04%||-1.42% to 2.65%|
|Thursday||2.86%||4.11%||-1.25% to 6.97%|
|Friday||1.78%||5.32%||-3.54% to 7.11%|
|Saturday||-1.55%||1.17%||-2.72% to -0.39%|