Bytecoin (BCN)

Current price: $ 0.000354

24 hours price change: $ -0.000009 (-2.59%)

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 October 27th, 2021 to November 27th, 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 10/27/2021 and 11/27/2021.

According to the performance of Bytecoin between October 27th, 2021 and November 27th, 2021, Bytecoin performed the best on Tuesdays. On average, the price of Bytecoin increased 198.93% on Tuesday.

The weekday on which the Bytecoin performed the worst, is Sunday. On Sundays, the Bytecoin declined in value on average by -20.31%.

Bytecoin weekday performance

The decrease in value of the Bytecoin is -20.31% 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 -54.68% and 14.06%.

The increase in value of the Bytecoin is 99.91% on an average Monday. However, the uncertainty on the average change is high for the Bytecoin on Mondays. This is the reason why an expected increase of the Bytecoin on an average Monday cannot be predicted. The standard deviation for Bytecoin on Mondays is high, namely 170.80%. This means that the expected range of value change for the Bytecoin is -70.89% and 270.71% on 68% of the Mondays.

The increase in value of the Bytecoin is 198.93% on an average Tuesday. However, the uncertainty on the average change is high for the Bytecoin on Tuesdays. This is the reason why an expected increase of the Bytecoin on an average Tuesday cannot be predicted. The standard deviation for Bytecoin on Tuesdays is high, namely 202.70%. This means that the expected range of value change for the Bytecoin is -3.77% and 401.63% on 68% of the Tuesdays.

On an average Wednesday, the Bytecoin increased 0.51%. However, since the expected deviation is 0.71%, the Bytecoin will decline in value on a Wednesday quiet regularly. The expected price change of the Bytecoin on a Wednesday is between -0.20% and 1.21%.

The Bytecoin declines in value on an average Thursday with -1.94%. However, the uncertainty (or standard deviation) is quite large, namely 3.14%. This means that it is not possible to say whether on a regular Thursday the Bytecoin will increase or decrease in value.

The decrease in value of the Bytecoin is -13.48% 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 -47.68% and 20.73%.

The increase in value of the Bytecoin is 4.68% 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 5.04%. This means that the expected range of value change for the Bytecoin is -0.36% and 9.72% 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 -20.31% 34.37% -54.68% to 14.06%
Monday 99.91% 170.80% -70.89% to 270.71%
Tuesday 198.93% 202.70% -3.77% to 401.63%
Wednesday 0.51% 0.71% -0.20% to 1.21%
Thursday -1.94% 3.14% -5.09% to 1.20%
Friday -13.48% 34.21% -47.68% to 20.73%
Saturday 4.68% 5.04% -0.36% to 9.72%
 

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