Bytecoin (BCN)

Current price: $ 0.0010

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 March 18th, 2019 to April 17th, 2019.

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 03/18/2019 and 04/17/2019.

According to the performance of Bytecoin between March 18th, 2019 and April 17th, 2019, Bytecoin performed the best on Fridays. On average, the price of Bytecoin increased 1.35% on Friday.

The weekday on which the Bytecoin performed the worst, is Tuesday. On Tuesdays, the Bytecoin declined in value on average by -1.17%.

Bytecoin weekday performance

Bytecoin increased in value on an average Sunday only slightly. The average increase in value of the Bytecoin was 0.06%. 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 (0.13%). This means that on 68 percent of the Sundays, the change in price of the Bytecoin is expected to be in the range of -0.07% and 0.18%.

The Bytecoin declines in value on an average Monday with -1.10%. However, the uncertainty (or standard deviation) is quite large, namely 1.98%. This means that it is not possible to say whether on a regular Monday the Bytecoin will increase or decrease in value.

The Bytecoin declines in value on an average Tuesday with -1.17%. However, the uncertainty (or standard deviation) is quite large, namely 2.32%. This means that it is not possible to say whether on a regular Tuesday the Bytecoin will increase or decrease in value.

Bytecoin increased in value on an average Wednesday 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 (0.22%). This means that on 68 percent of the Wednesdays, the change in price of the Bytecoin is expected to be in the range of -0.21% and 0.22%.

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 -0.05%. However, the standard deviation on this weekday is 0.16%. This means that on most Thursdays, the change in value of the Bytecoin is between -0.21% and 0.11%.

On an average Friday the Bytecoin shows an increase in value of 1.35%. However, the change of Bytecoin on most of the Fridays is between -0.99% and 3.70%. Therefore it is hard to tell whether an average Friday 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 Saturday. The average change on a Saturday for the Bytecoin is -0.16%. However, the standard deviation on this weekday is 0.14%. This means that on most Saturdays, the change in value of the Bytecoin is between -0.30% and -0.02%.

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
Sunday0.06%0.13%-0.07% to 0.18%
Monday-1.10%1.98%-3.08% to 0.88%
Tuesday-1.17%2.32%-3.48% to 1.15%
Wednesday0.00%0.22%-0.21% to 0.22%
Thursday-0.05%0.16%-0.21% to 0.11%
Friday1.35%2.34%-0.99% to 3.70%
Saturday-0.16%0.14%-0.30% to -0.02%