Bytecoin (BCN)

Current price: $ 0.001057

24 hours price change: $ -0.000043 (-3.91%)

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 29th, 2021 to July 29th, 2021.

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 06/29/2021 and 07/29/2021.

According to the performance of Bytecoin between June 29th, 2021 and July 29th, 2021, Bytecoin performed the best on Saturdays. On average, the price of Bytecoin increased 150.20% on Saturday.

The weekday on which the Bytecoin performed the worst, is Wednesday. On Wednesdays, the Bytecoin declined in value on average by -4.14%.

Bytecoin weekday performance

Bytecoin increased in value on an average Sunday only slightly. The average increase in value of the Bytecoin was 0.02%. 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 Sundays, the change in price of the Bytecoin is expected to be in the range of -0.01% and 0.05%.

Bytecoin increased in value on an average Monday only slightly. The average increase in value of the Bytecoin was 0.04%. 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 (0.05%). This means that on 68 percent of the Mondays, the change in price of the Bytecoin is expected to be in the range of -0.01% and 0.10%.

It is hard to tell whether the Bytecoin will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Bytecoin is -0.27%. However, the standard deviation on this weekday is 0.50%. This means that on most Tuesdays, the change in value of the Bytecoin is between -0.77% and 0.23%.

The decrease in value of the Bytecoin is -4.14% on an average Wednesday. The uncertainty of the average change is high for the Bytecoin on Wednesdays. This means that it is hard to tell whether the Bytecoin will decrease or increase in value on an average Wednesday. If we look at the 68% range of the Bytecoin, we see that on 68% of the Wednesdays, the expected change of the Bytecoin is between -12.07% and 3.79%.

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 -0.06%. However, the standard deviation on this weekday is 0.06%. This means that on most Thursdays, the change in value of the Bytecoin is between -0.13% and 0.00%.

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 -0.04%. However, the standard deviation on this weekday is 0.08%. This means that on most Fridays, the change in value of the Bytecoin is between -0.13% and 0.04%.

The increase in value of the Bytecoin is 150.20% on an average Saturday. However, the uncertainty on the average change is high for the Bytecoin on Saturdays. This is the reason why an expected increase of the Bytecoin on an average Saturday cannot be predicted. The standard deviation for Bytecoin on Saturdays is high, namely 260.03%. This means that the expected range of value change for the Bytecoin is -109.83% and 410.23% on 68% of the Saturdays.

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 0.02% 0.03% -0.01% to 0.05%
Monday 0.04% 0.05% -0.01% to 0.10%
Tuesday -0.27% 0.50% -0.77% to 0.23%
Wednesday -4.14% 7.93% -12.07% to 3.79%
Thursday -0.06% 0.06% -0.13% to 0.00%
Friday -0.04% 0.08% -0.13% to 0.04%
Saturday 150.20% 260.03% -109.83% to 410.23%
 

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