Bytecoin (BCN)

Current price: $ 0.000240

24 hours price change: $ 0.000002 (1.01%)

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 May 5th, 2020 to June 5th, 2020.

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 05/05/2020 and 06/05/2020.

According to the performance of Bytecoin between May 5th, 2020 and June 5th, 2020, Bytecoin performed the best on Sundays. On average, the price of Bytecoin increased 0.70% on Sunday.

The weekday on which the Bytecoin performed the worst, is Wednesday. On Wednesdays, the Bytecoin declined in value on average by -0.57%.

Bytecoin weekday performance

Historical performance on Sunday 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 Sunday with 0.70%. However, the uncertainty of this increase is high. The expected change in value of the Bytecoin on a Sunday is between -0.60% and 1.99% (see also the table below).

The Bytecoin will almost not change or only slightly increase in value on an average Monday. The average change of the Bytecoin on Mondays is 0.04%. The standard deviation of the Bytecoin is 0.03%, which means that in 68% of the Mondays, the range of the change of the Bytecoin is 0.01% and 0.07%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.

Bytecoin increased in value on an average Tuesday only slightly. The average increase in value of the Bytecoin was 0.00%. 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 (0.03%). This means that on 68 percent of the Tuesdays, the change in price of the Bytecoin is expected to be in the range of -0.03% and 0.03%.

Allthough the Bytecoin decreases in value with -0.57% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Bytecoin on Wednesdays is 0.79%. This means that the expected change of the value of Bytecoin is between -1.36% and 0.22% on 68 out of 100 Wednesdays.

It is hard to tell whether the Bytecoin will increase or decrease in value on an average Thursday. The average change on a Thursday for the Bytecoin is 0.00%. However, the standard deviation on this weekday is 0.04%. This means that on most Thursdays, the change in value of the Bytecoin is between -0.04% and 0.04%.

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 0.00%. However, the standard deviation on this weekday is 0.07%. This means that on most Fridays, the change in value of the Bytecoin is between -0.07% and 0.07%.

It is hard to tell whether the Bytecoin will increase or decrease in value on an average Saturday. The average change on a Saturday for the Bytecoin is -0.06%. However, the standard deviation on this weekday is 0.02%. This means that on most Saturdays, the change in value of the Bytecoin is between -0.08% and -0.04%.

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 0.70% 1.29% -0.60% to 1.99%
Monday 0.04% 0.03% 0.01% to 0.07%
Tuesday 0.00% 0.03% -0.03% to 0.03%
Wednesday -0.57% 0.79% -1.36% to 0.22%
Thursday 0.00% 0.04% -0.04% to 0.04%
Friday 0.00% 0.07% -0.07% to 0.07%
Saturday -0.06% 0.02% -0.08% to -0.04%
 

We use cookies on our website. Some of them are essential for the operation of the site, while others help us to improve this site and the user experience (tracking cookies). You can decide for yourself whether you want to allow cookies or not. Please note that if you reject them, you may not be able to use all the functionalities of the site.