Bytecoin (BCN)

Current price: $ 0.000490

24 hours price change: $ 0.00000070 (0.14%)

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 November 6th, 2022 to December 6th, 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 11/06/2022 and 12/06/2022.

According to the performance of Bytecoin between November 6th, 2022 and December 6th, 2022, Bytecoin performed the best on Thursdays. On average, the price of Bytecoin increased 0.52% on Thursday.

The weekday on which the Bytecoin performed the worst, is Tuesday. On Tuesdays, the Bytecoin declined in value on average by -37.89%.

Bytecoin weekday performance

The decrease in value of the Bytecoin is -4.83% on an average Sunday. The uncertainty of the average change is high for the Bytecoin on Sundays. This means that it is hard to tell whether the Bytecoin will decrease or increase in value on an average Sunday. If we look at the 68% range of the Bytecoin, we see that on 68% of the Sundays, the expected change of the Bytecoin is between -14.82% and 5.17%.

Bytecoin increased in value on an average Monday only slightly. The average increase in value of the Bytecoin was 0.03%. 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 (0.34%). This means that on 68 percent of the Mondays, the change in price of the Bytecoin is expected to be in the range of -0.32% and 0.37%.

The decrease in value of the Bytecoin is -37.89% on an average Tuesday. The uncertainty of the average change is high for the Bytecoin on Tuesdays. This means that it is hard to tell whether the Bytecoin will decrease or increase in value on an average Tuesday. If we look at the 68% range of the Bytecoin, we see that on 68% of the Tuesdays, the expected change of the Bytecoin is between -84.54% and 8.77%.

The decrease in value of the Bytecoin is -8.19% 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 -22.85% and 6.48%.

On an average Thursday, the Bytecoin increased 0.52%. However, since the expected deviation is 0.95%, the Bytecoin will decline in value on a Thursday quiet regularly. The expected price change of the Bytecoin on a Thursday is between -0.42% and 1.47%.

The decrease in value of the Bytecoin is -23.38% 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 -63.71% and 16.95%.

The decrease in value of the Bytecoin is -23.53% on an average Saturday. The uncertainty of the average change is high for the Bytecoin on Saturdays. This means that it is hard to tell whether the Bytecoin will decrease or increase in value on an average Saturday. If we look at the 68% range of the Bytecoin, we see that on 68% of the Saturdays, the expected change of the Bytecoin is between -63.84% and 16.78%.

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 -4.83% 9.99% -14.82% to 5.17%
Monday 0.03% 0.34% -0.32% to 0.37%
Tuesday -37.89% 46.65% -84.54% to 8.77%
Wednesday -8.19% 14.67% -22.85% to 6.48%
Thursday 0.52% 0.95% -0.42% to 1.47%
Friday -23.38% 40.33% -63.71% to 16.95%
Saturday -23.53% 40.31% -63.84% to 16.78%
 

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