Bytecoin (BCN)

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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 March 25th, 2024 to April 25th, 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 03/25/2024 and 04/25/2024.

According to the performance of Bytecoin between March 25th, 2024 and April 25th, 2024, Bytecoin performed the best on Sundays. On average, the price of Bytecoin increased 10.45% on Sunday.

The weekday on which the Bytecoin performed the worst, is Tuesday. On Tuesdays, the Bytecoin declined in value on average by -4.04%.

Bytecoin weekday performance

The increase in value of the Bytecoin is 10.45% 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 22.29%. This means that the expected range of value change for the Bytecoin is -11.84% and 32.75% on 68% of the Sundays.

On an average Monday the Bytecoin shows an increase in value of 1.46%. However, the change of Bytecoin on most of the Mondays is between -4.25% and 7.16%. Therefore it is hard to tell whether an average Monday is a good day to start buying Bytecoins.

The decrease in value of the Bytecoin is -4.04% on an average Tuesday. The uncertainty of the average change is high for the Bytecoin on Tuesdays. This means that it is hard to tell whether the Bytecoin will decrease or increase in value on an average Tuesday. If we look at the 68% range of the Bytecoin, we see that on 68% of the Tuesdays, the expected change of the Bytecoin is between -11.64% and 3.56%.

The Bytecoin declines in value on an average Wednesday with -1.55%. However, the uncertainty (or standard deviation) is quite large, namely 3.83%. This means that it is not possible to say whether on a regular Wednesday the Bytecoin will increase or decrease in value.

The Bytecoin declines in value on an average Thursday with -1.61%. However, the uncertainty (or standard deviation) is quite large, namely 3.79%. This means that it is not possible to say whether on a regular Thursday the Bytecoin will increase or decrease in value.

It is hard to tell whether the Bytecoin will increase or decrease in value on an average Friday. The average change on a Friday for the Bytecoin is -0.02%. However, the standard deviation on this weekday is 5.75%. This means that on most Fridays, the change in value of the Bytecoin is between -5.78% and 5.73%.

The Bytecoin declines in value on an average Saturday with -2.11%. However, the uncertainty (or standard deviation) is quite large, namely 4.24%. 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 10.45% 22.29% -11.84% to 32.75%
Monday 1.46% 5.70% -4.25% to 7.16%
Tuesday -4.04% 7.60% -11.64% to 3.56%
Wednesday -1.55% 3.83% -5.38% to 2.27%
Thursday -1.61% 3.79% -5.40% to 2.18%
Friday -0.02% 5.75% -5.78% to 5.73%
Saturday -2.11% 4.24% -6.35% to 2.13%
 

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: Financial indicators for cryptocurrencies