Bytecoin (BCN)

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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 June 28th, 2021 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 06/28/2021 and 06/28/2022.

According to the performance of Bytecoin between June 28th, 2021 and June 28th, 2022, Bytecoin performed the best on Saturdays. On average, the price of Bytecoin increased 53.87% on Saturday.

The weekday on which the Bytecoin performed the worst, is Friday. On Fridays, the Bytecoin rose in value on average by 1.42%. The price still increased on Fridays, allthough it was the smallest increase of all days on average.

Bytecoin weekday performance

The increase in value of the Bytecoin is 7.28% 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 72.46%. This means that the expected range of value change for the Bytecoin is -65.18% and 79.74% on 68% of the Sundays.

The increase in value of the Bytecoin is 21.95% 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 108.86%. This means that the expected range of value change for the Bytecoin is -86.91% and 130.81% on 68% of the Mondays.

The increase in value of the Bytecoin is 26.78% 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 107.97%. This means that the expected range of value change for the Bytecoin is -81.18% and 134.75% on 68% of the Tuesdays.

The increase in value of the Bytecoin is 17.08% on an average Wednesday. However, the uncertainty on the average change is high for the Bytecoin on Wednesdays. This is the reason why an expected increase of the Bytecoin on an average Wednesday cannot be predicted. The standard deviation for Bytecoin on Wednesdays is high, namely 96.60%. This means that the expected range of value change for the Bytecoin is -79.52% and 113.68% on 68% of the Wednesdays.

The increase in value of the Bytecoin is 11.50% on an average Thursday. However, the uncertainty on the average change is high for the Bytecoin on Thursdays. This is the reason why an expected increase of the Bytecoin on an average Thursday cannot be predicted. The standard deviation for Bytecoin on Thursdays is high, namely 86.89%. This means that the expected range of value change for the Bytecoin is -75.40% and 98.39% on 68% of the Thursdays.

On an average Friday the Bytecoin shows an increase in value of 1.42%. However, the change of Bytecoin on most of the Fridays is between -34.87% and 37.71%. Therefore it is hard to tell whether an average Friday is a good day to start buying Bytecoins.

The increase in value of the Bytecoin is 53.87% 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 160.46%. This means that the expected range of value change for the Bytecoin is -106.59% and 214.33% 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 7.28% 72.46% -65.18% to 79.74%
Monday 21.95% 108.86% -86.91% to 130.81%
Tuesday 26.78% 107.97% -81.18% to 134.75%
Wednesday 17.08% 96.60% -79.52% to 113.68%
Thursday 11.50% 86.89% -75.40% to 98.39%
Friday 1.42% 36.29% -34.87% to 37.71%
Saturday 53.87% 160.46% -106.59% to 214.33%
 

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