Bytecoin (BCN)

Current price: $ 0.000484

24 hours price change: - (-)

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 September 23rd, 2018 to September 22nd, 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 09/23/2018 and 09/22/2019.

According to the performance of Bytecoin between September 23rd, 2018 and September 22nd, 2019, Bytecoin performed the best on Mondays. On average, the price of Bytecoin increased 0.70% on Monday.

The weekday on which the Bytecoin performed the worst, is Friday. On Fridays, the Bytecoin declined in value on average by -1.47%.

Bytecoin weekday performance

On an average Sunday, the Bytecoin increased 0.56%. However, since the expected deviation is 1.79%, the Bytecoin will decline in value on a Sunday quiet regularly. The expected price change of the Bytecoin on a Sunday is between -1.23% and 2.36%.

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 0.70%. However, the uncertainty of this increase is high. The expected change in value of the Bytecoin on a Monday is between -2.75% and 4.15% (see also the table below).

Bytecoin increased in value on an average Tuesday only slightly. The average increase in value of the Bytecoin was 0.19%. 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 -2.60% and 2.97%.

Bytecoin increased in value on an average Wednesday only slightly. The average increase in value of the Bytecoin was 0.00%. 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 (2.96%). This means that on 68 percent of the Wednesdays, the change in price of the Bytecoin is expected to be in the range of -2.95% and 2.96%.

Allthough the Bytecoin decreases in value with -0.39% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Bytecoin on Thursdays is 2.41%. This means that the expected change of the value of Bytecoin is between -2.80% and 2.02% on 68 out of 100 Thursdays.

The Bytecoin declines in value on an average Friday with -1.47%. However, the uncertainty (or standard deviation) is quite large, namely 4.07%. This means that it is not possible to say whether on a regular Friday the Bytecoin will increase or decrease in value.

Allthough the Bytecoin decreases in value with -0.58% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of Bytecoin on Saturdays is 3.17%. This means that the expected change of the value of Bytecoin is between -3.75% and 2.59% 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.

Weekday Average change (%) Standard deviation (%) 68% range
Sunday 0.56% 1.79% -1.23% to 2.36%
Monday 0.70% 3.45% -2.75% to 4.15%
Tuesday 0.19% 2.78% -2.60% to 2.97%
Wednesday 0.00% 2.96% -2.95% to 2.96%
Thursday -0.39% 2.41% -2.80% to 2.02%
Friday -1.47% 4.07% -5.54% to 2.59%
Saturday -0.58% 3.17% -3.75% to 2.59%