Bytecoin (BCN)

Current price: $ 0.0007

24 hours price change: $ 0.00003909 (5.88%)

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 January 18th, 2019 to February 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 01/18/2019 and 02/17/2019.

According to the performance of Bytecoin between January 18th, 2019 and February 17th, 2019, Bytecoin performed the best on Saturdays. On average, the price of Bytecoin increased 2.32% on Saturday.

The weekday on which the Bytecoin performed the worst, is Friday. On Fridays, the Bytecoin declined in value on average by -3.44%.

Bytecoin weekday performance

On an average Sunday the Bytecoin shows an increase in value of 1.29%. However, the change of Bytecoin on most of the Sundays is between -0.96% and 3.54%. 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 1.55%. However, the change of Bytecoin on most of the Mondays is between -1.17% and 4.27%. Therefore it is hard to tell whether an average Monday is a good day to start buying Bytecoins.

On an average Tuesday the Bytecoin shows an increase in value of 1.50%. However, the change of Bytecoin on most of the Tuesdays is between -1.00% and 4.01%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Bytecoins.

The Bytecoin declines in value on an average Wednesday with -1.33%. However, the uncertainty (or standard deviation) is quite large, namely 2.27%. This means that it is not possible to say whether on a regular Wednesday the Bytecoin will increase or decrease in value.

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 0.03%. This means that on most Thursdays, the change in value of the Bytecoin is between -0.08% and -0.02%.

The decrease in value of the Bytecoin is -3.44% on an average Friday. The uncertainty of the average change is high for the Bytecoin on Fridays. This means that it is hard to tell whether the Bytecoin will decrease or increase in value on an average Friday. If we look at the 68% range of the Bytecoin, we see that on 68% of the Fridays, the expected change of the Bytecoin is between -6.32% and -0.55%.

On an average Saturday the Bytecoin shows an increase in value of 2.32%. However, the change of Bytecoin on most of the Saturdays is between -0.55% and 5.20%. 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.

WeekdayAverage change (%)Standard deviation (%)68% range
Sunday1.29%2.25%-0.96% to 3.54%
Monday1.55%2.72%-1.17% to 4.27%
Tuesday1.50%2.51%-1.00% to 4.01%
Wednesday-1.33%2.27%-3.60% to 0.93%
Thursday-0.05%0.03%-0.08% to -0.02%
Friday-3.44%2.88%-6.32% to -0.55%
Saturday2.32%2.87%-0.55% to 5.20%