Bytecoin (BCN)

Current price: $ 0.000772

24 hours price change: $ 0.000007 (0.92%)

Daily analysis of Bytecoin (BCN) - 1 year

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 year, starting on July 15th, 2018 to July 14th, 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 07/15/2018 and 07/14/2019.

According to the performance of Bytecoin between July 15th, 2018 and July 14th, 2019, Bytecoin performed the best on Sundays. On average, the price of Bytecoin increased 0.58% on Sunday.

The weekday on which the Bytecoin performed the worst, is Friday. On Fridays, the Bytecoin declined in value on average by -0.77%.

Bytecoin weekday performance

On an average Sunday, the Bytecoin increased 0.58%. However, since the expected deviation is 1.90%, the Bytecoin will decline in value on a Sunday quiet regularly. The expected price change of the Bytecoin on a Sunday is between -1.32% and 2.47%.

On an average Monday, the Bytecoin increased 0.36%. However, since the expected deviation is 2.21%, the Bytecoin will decline in value on a Monday quiet regularly. The expected price change of the Bytecoin on a Monday is between -1.85% and 2.57%.

Bytecoin increased in value on an average Tuesday only slightly. The average increase in value of the Bytecoin was 0.15%. 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 (2.78%). This means that on 68 percent of the Tuesdays, the change in price of the Bytecoin is expected to be in the range of -2.63% and 2.93%.

Allthough the Bytecoin decreases in value with -0.39% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Bytecoin on Wednesdays is 2.42%. This means that the expected change of the value of Bytecoin is between -2.81% and 2.03% on 68 out of 100 Wednesdays.

Allthough the Bytecoin decreases in value with -0.36% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Bytecoin on Thursdays is 2.30%. This means that the expected change of the value of Bytecoin is between -2.66% and 1.94% on 68 out of 100 Thursdays.

On Fridays, the Bytecoin decreases in value on average with -0.77%. On most of the Fridays the Bytecoin decreases in value between -3.57% and 2.03%. The uncertainty (2.80%) is higher than the average decline percentage (-0.77%). Therefore, expected range of price changes of the Bytecoin on Fridays is large.

Allthough the Bytecoin decreases in value with -0.33% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of Bytecoin on Saturdays is 2.35%. This means that the expected change of the value of Bytecoin is between -2.68% and 2.02% on 68 out of 100 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.

WeekdayAverage change (%)Standard deviation (%)68% range
Sunday0.58%1.90%-1.32% to 2.47%
Monday0.36%2.21%-1.85% to 2.57%
Tuesday0.15%2.78%-2.63% to 2.93%
Wednesday-0.39%2.42%-2.81% to 2.03%
Thursday-0.36%2.30%-2.66% to 1.94%
Friday-0.77%2.80%-3.57% to 2.03%
Saturday-0.33%2.35%-2.68% to 2.02%