Bytecoin (BCN)

Current price: $ 0.000289

24 hours price change: $ -0.000010 (-3.28%)

Daily analysis of Bytecoin (BCN) - 6 months

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 6 months, starting on January 19th, 2024 to July 19th, 2024.

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 01/19/2024 and 07/19/2024.

According to the performance of Bytecoin between January 19th, 2024 and July 19th, 2024, Bytecoin performed the best on Saturdays. On average, the price of Bytecoin increased 3.09% on Saturday.

The weekday on which the Bytecoin performed the worst, is Tuesday. On Tuesdays, the Bytecoin declined in value on average by -1.23%.

Bytecoin weekday performance

On an average Sunday the Bytecoin shows an increase in value of 1.61%. However, the change of Bytecoin on most of the Sundays is between -8.62% and 11.84%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Bytecoins.

On an average Monday the Bytecoin shows an increase in value of 2.05%. However, the change of Bytecoin on most of the Mondays is between -2.52% and 6.62%. Therefore it is hard to tell whether an average Monday is a good day to start buying Bytecoins.

The Bytecoin declines in value on an average Tuesday with -1.23%. However, the uncertainty (or standard deviation) is quite large, namely 5.67%. This means that it is not possible to say whether on a regular Tuesday the Bytecoin will increase or decrease in value.

Bytecoin increased in value on an average Wednesday only slightly. The average increase in value of the Bytecoin was 0.27%. 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 (5.58%). This means that on 68 percent of the Wednesdays, the change in price of the Bytecoin is expected to be in the range of -5.31% and 5.84%.

On an average Thursday the Bytecoin shows an increase in value of 1.31%. However, the change of Bytecoin on most of the Thursdays is between -3.47% and 6.09%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Bytecoins.

Allthough the Bytecoin decreases in value with -0.54% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Bytecoin on Fridays is 6.03%. This means that the expected change of the value of Bytecoin is between -6.57% and 5.49% on 68 out of 100 Fridays.

The increase in value of the Bytecoin is 3.09% 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 21.24%. This means that the expected range of value change for the Bytecoin is -18.16% and 24.33% 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 1.61% 10.23% -8.62% to 11.84%
Monday 2.05% 4.57% -2.52% to 6.62%
Tuesday -1.23% 5.67% -6.90% to 4.44%
Wednesday 0.27% 5.58% -5.31% to 5.84%
Thursday 1.31% 4.78% -3.47% to 6.09%
Friday -0.54% 6.03% -6.57% to 5.49%
Saturday 3.09% 21.24% -18.16% to 24.33%
 

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: Financial indicators for cryptocurrencies