Bytecoin (BCN)

Current price: $ 0.000286

24 hours price change: $ 0.00000000 (0.00%)

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 June 13th, 2024 to July 13th, 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 06/13/2024 and 07/13/2024.

According to the performance of Bytecoin between June 13th, 2024 and July 13th, 2024, Bytecoin performed the best on Sundays. On average, the price of Bytecoin increased 2.65% on Sunday.

The weekday on which the Bytecoin performed the worst, is Tuesday. On Tuesdays, the Bytecoin declined in value on average by -0.47%.

Bytecoin weekday performance

On an average Sunday the Bytecoin shows an increase in value of 2.65%. However, the change of Bytecoin on most of the Sundays is between -2.13% and 7.44%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Bytecoins.

On an average Monday the Bytecoin shows an increase in value of 1.65%. However, the change of Bytecoin on most of the Mondays is between -3.36% and 6.65%. Therefore it is hard to tell whether an average Monday is a good day to start buying Bytecoins.

Allthough the Bytecoin decreases in value with -0.47% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Bytecoin on Tuesdays is 6.60%. This means that the expected change of the value of Bytecoin is between -7.07% and 6.14% on 68 out of 100 Tuesdays.

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 0.84%. However, the uncertainty of this increase is high. The expected change in value of the Bytecoin on a Wednesday is between -4.26% and 5.94% (see also the table below).

On an average Thursday the Bytecoin shows an increase in value of 1.83%. However, the change of Bytecoin on most of the Thursdays is between -1.83% and 5.49%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Bytecoins.

On an average Friday, the Bytecoin increased 0.49%. However, since the expected deviation is 6.09%, the Bytecoin will decline in value on a Friday quiet regularly. The expected price change of the Bytecoin on a Friday is between -5.60% and 6.57%.

On an average Saturday the Bytecoin shows an increase in value of 1.30%. However, the change of Bytecoin on most of the Saturdays is between -4.06% and 6.66%. Therefore it is hard to tell whether an average Saturday is a good day to start buying Bytecoins.

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 2.65% 4.78% -2.13% to 7.44%
Monday 1.65% 5.01% -3.36% to 6.65%
Tuesday -0.47% 6.60% -7.07% to 6.14%
Wednesday 0.84% 5.10% -4.26% to 5.94%
Thursday 1.83% 3.66% -1.83% to 5.49%
Friday 0.49% 6.09% -5.60% to 6.57%
Saturday 1.30% 5.36% -4.06% to 6.66%
 

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