Bytecoin (BCN)

Current price: $ 0.000719

24 hours price change: $ 0.000010 (1.38%)

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 January 28th, 2021 to January 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 01/28/2021 and 01/28/2022.

According to the performance of Bytecoin between January 28th, 2021 and January 28th, 2022, Bytecoin performed the best on Saturdays. On average, the price of Bytecoin increased 39.21% on Saturday.

The weekday on which the Bytecoin performed the worst, is Wednesday. On Wednesdays, the Bytecoin declined in value on average by -2.49%.

Bytecoin weekday performance

The increase in value of the Bytecoin is 4.02% 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 42.93%. This means that the expected range of value change for the Bytecoin is -38.91% and 46.96% on 68% of the Sundays.

The increase in value of the Bytecoin is 4.34% 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 57.46%. This means that the expected range of value change for the Bytecoin is -53.13% and 61.80% on 68% of the Mondays.

The increase in value of the Bytecoin is 16.50% 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 78.52%. This means that the expected range of value change for the Bytecoin is -62.01% and 95.02% on 68% of the Tuesdays.

The Bytecoin declines in value on an average Wednesday with -2.49%. However, the uncertainty (or standard deviation) is quite large, namely 13.61%. This means that it is not possible to say whether on a regular Wednesday the Bytecoin will increase or decrease in value.

The Bytecoin declines in value on an average Thursday with -1.93%. However, the uncertainty (or standard deviation) is quite large, namely 11.53%. 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 -1.07%. However, the uncertainty (or standard deviation) is quite large, namely 11.69%. This means that it is not possible to say whether on a regular Friday the Bytecoin will increase or decrease in value.

The increase in value of the Bytecoin is 39.21% 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 144.86%. This means that the expected range of value change for the Bytecoin is -105.66% and 184.07% 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 4.02% 42.93% -38.91% to 46.96%
Monday 4.34% 57.46% -53.13% to 61.80%
Tuesday 16.50% 78.52% -62.01% to 95.02%
Wednesday -2.49% 13.61% -16.10% to 11.12%
Thursday -1.93% 11.53% -13.46% to 9.60%
Friday -1.07% 11.69% -12.76% to 10.62%
Saturday 39.21% 144.86% -105.66% to 184.07%
 

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: Financial indicators for cryptocurrencies