Bytecoin (BCN)

Current price: $ 0.000506

24 hours price change: $ -0.000003 (-0.52%)

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 February 24th, 2019 to February 23rd, 2020.

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 02/24/2019 and 02/23/2020.

According to the performance of Bytecoin between February 24th, 2019 and February 23rd, 2020, Bytecoin performed the best on Wednesdays. On average, the price of Bytecoin increased 1.23% on Wednesday.

The weekday on which the Bytecoin performed the worst, is Thursday. On Thursdays, the Bytecoin declined in value on average by -1.74%.

Bytecoin weekday performance

Bytecoin increased in value on an average Sunday only slightly. The average increase in value of the Bytecoin was 0.26%. 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 (6.43%). This means that on 68 percent of the Sundays, the change in price of the Bytecoin is expected to be in the range of -6.17% and 6.68%.

Historical performance on Monday do not show an increase in value of the Bytecoin on which a prediction can be made. The Bytecoin increased in value on average on an average Monday with 0.95%. However, the uncertainty of this increase is high. The expected change in value of the Bytecoin on a Monday is between -7.16% and 9.06% (see also the table below).

It is hard to tell whether the Bytecoin will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Bytecoin is -0.22%. However, the standard deviation on this weekday is 3.78%. This means that on most Tuesdays, the change in value of the Bytecoin is between -4.00% and 3.56%.

On an average Wednesday the Bytecoin shows an increase in value of 1.23%. However, the change of Bytecoin on most of the Wednesdays is between -6.96% and 9.42%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Bytecoins.

The Bytecoin declines in value on an average Thursday with -1.74%. However, the uncertainty (or standard deviation) is quite large, namely 6.19%. This means that it is not possible to say whether on a regular Thursday the Bytecoin will increase or decrease in value.

The Bytecoin declines in value on an average Friday with -1.64%. However, the uncertainty (or standard deviation) is quite large, namely 5.14%. This means that it is not possible to say whether on a regular Friday the Bytecoin will increase or decrease in value.

The Bytecoin declines in value on an average Saturday with -1.16%. However, the uncertainty (or standard deviation) is quite large, namely 6.44%. This means that it is not possible to say whether on a regular Saturday the Bytecoin will increase or decrease in value.

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 0.26% 6.43% -6.17% to 6.68%
Monday 0.95% 8.11% -7.16% to 9.06%
Tuesday -0.22% 3.78% -4.00% to 3.56%
Wednesday 1.23% 8.19% -6.96% to 9.42%
Thursday -1.74% 6.19% -7.93% to 4.45%
Friday -1.64% 5.14% -6.78% to 3.50%
Saturday -1.16% 6.44% -7.61% to 5.28%
 

We use cookies on our website. Some of them are essential for the operation of the site, while others help us to improve this site and the user experience (tracking cookies).

You can decide for yourself whether you want to allow cookies or not. Please note that if you reject them, you may not be able to use all the functionalities of the site.