Bytecoin (BCN)

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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 March 29th, 2022 to September 29th, 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 03/29/2022 and 09/29/2022.

According to the performance of Bytecoin between March 29th, 2022 and September 29th, 2022, Bytecoin performed the best on Saturdays. On average, the price of Bytecoin increased 67.08% on Saturday.

The weekday on which the Bytecoin performed the worst, is Friday. On Fridays, the Bytecoin rose in value on average by 5.65%. 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 30.34% 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 134.91%. This means that the expected range of value change for the Bytecoin is -104.57% and 165.25% on 68% of the Sundays.

The increase in value of the Bytecoin is 18.17% 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 111.07%. This means that the expected range of value change for the Bytecoin is -92.90% and 129.24% on 68% of the Mondays.

The increase in value of the Bytecoin is 10.77% 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 112.81%. This means that the expected range of value change for the Bytecoin is -102.05% and 123.58% on 68% of the Tuesdays.

The increase in value of the Bytecoin is 20.36% 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 109.56%. This means that the expected range of value change for the Bytecoin is -89.20% and 129.92% on 68% of the Wednesdays.

The increase in value of the Bytecoin is 62.47% 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 200.99%. This means that the expected range of value change for the Bytecoin is -138.52% and 263.45% on 68% of the Thursdays.

The increase in value of the Bytecoin is 5.65% on an average Friday. However, the uncertainty on the average change is high for the Bytecoin on Fridays. This is the reason why an expected increase of the Bytecoin on an average Friday cannot be predicted. The standard deviation for Bytecoin on Fridays is high, namely 48.43%. This means that the expected range of value change for the Bytecoin is -42.78% and 54.08% on 68% of the Fridays.

The increase in value of the Bytecoin is 67.08% 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 277.58%. This means that the expected range of value change for the Bytecoin is -210.49% and 344.66% 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 30.34% 134.91% -104.57% to 165.25%
Monday 18.17% 111.07% -92.90% to 129.24%
Tuesday 10.77% 112.81% -102.05% to 123.58%
Wednesday 20.36% 109.56% -89.20% to 129.92%
Thursday 62.47% 200.99% -138.52% to 263.45%
Friday 5.65% 48.43% -42.78% to 54.08%
Saturday 67.08% 277.58% -210.49% to 344.66%
 

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