Bytecoin (BCN)

Current price: -

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 May 28th, 2022 to June 28th, 2022.

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 05/28/2022 and 06/28/2022.

According to the performance of Bytecoin between May 28th, 2022 and June 28th, 2022, Bytecoin performed the best on Sundays. On average, the price of Bytecoin increased 80.10% on Sunday.

The weekday on which the Bytecoin performed the worst, is Thursday. On Thursdays, the Bytecoin declined in value on average by -10.71%.

Bytecoin weekday performance

The increase in value of the Bytecoin is 80.10% 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 159.99%. This means that the expected range of value change for the Bytecoin is -79.89% and 240.09% on 68% of the Sundays.

It is hard to tell whether the Bytecoin will increase or decrease in value on an average Monday. The average change on a Monday for the Bytecoin is -0.07%. However, the standard deviation on this weekday is 0.16%. This means that on most Mondays, the change in value of the Bytecoin is between -0.23% and 0.09%.

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 -0.02%. However, the standard deviation on this weekday is 0.03%. This means that on most Tuesdays, the change in value of the Bytecoin is between -0.05% and 0.02%.

It is hard to tell whether the Bytecoin will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Bytecoin is -0.01%. However, the standard deviation on this weekday is 0.04%. This means that on most Wednesdays, the change in value of the Bytecoin is between -0.05% and 0.02%.

The decrease in value of the Bytecoin is -10.71% on an average Thursday. The uncertainty of the average change is high for the Bytecoin on Thursdays. This means that it is hard to tell whether the Bytecoin will decrease or increase in value on an average Thursday. If we look at the 68% range of the Bytecoin, we see that on 68% of the Thursdays, the expected change of the Bytecoin is between -29.25% and 7.84%.

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 -0.05%. However, the standard deviation on this weekday is 0.04%. This means that on most Fridays, the change in value of the Bytecoin is between -0.09% and -0.01%.

Bytecoin increased in value on an average Saturday 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 (0.12%). This means that on 68 percent of the Saturdays, the change in price of the Bytecoin is expected to be in the range of -0.05% and 0.18%.

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 80.10% 159.99% -79.89% to 240.09%
Monday -0.07% 0.16% -0.23% to 0.09%
Tuesday -0.02% 0.03% -0.05% to 0.02%
Wednesday -0.01% 0.04% -0.05% to 0.02%
Thursday -10.71% 18.54% -29.25% to 7.84%
Friday -0.05% 0.04% -0.09% to -0.01%
Saturday 0.06% 0.12% -0.05% to 0.18%
 

About Us

: Financial indicators for cryptocurrencies