Bytecoin (BCN)

Current price: $ 0.000509

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

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 August 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 08/24/2019 and 02/23/2020.

According to the performance of Bytecoin between August 24th, 2019 and February 23rd, 2020, Bytecoin performed the best on Wednesdays. On average, the price of Bytecoin increased 2.58% on Wednesday.

The weekday on which the Bytecoin performed the worst, is Thursday. On Thursdays, the Bytecoin declined in value on average by -2.69%.

Bytecoin weekday performance

Bytecoin increased in value on an average Sunday only slightly. The average increase in value of the Bytecoin was 0.08%. 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 (8.83%). This means that on 68 percent of the Sundays, the change in price of the Bytecoin is expected to be in the range of -8.75% and 8.92%.

On an average Monday the Bytecoin shows an increase in value of 1.01%. However, the change of Bytecoin on most of the Mondays is between -9.64% and 11.66%. 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 -1.07%. However, the uncertainty (or standard deviation) is quite large, namely 3.96%. This means that it is not possible to say whether on a regular Tuesday the Bytecoin will increase or decrease in value.

On an average Wednesday the Bytecoin shows an increase in value of 2.58%. However, the change of Bytecoin on most of the Wednesdays is between -8.19% and 13.34%. 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 -2.69%. However, the uncertainty (or standard deviation) is quite large, namely 8.11%. 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 -1.85%. However, the uncertainty (or standard deviation) is quite large, namely 5.72%. This means that it is not possible to say whether on a regular Friday the Bytecoin will increase or decrease in value.

On Saturdays, the Bytecoin decreases in value on average with -0.96%. On most of the Saturdays the Bytecoin decreases in value between -9.04% and 7.12%. The uncertainty (8.08%) is higher than the average decline percentage (-0.96%). Therefore, expected range of price changes of the Bytecoin on Saturdays is large.

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 0.08% 8.83% -8.75% to 8.92%
Monday 1.01% 10.65% -9.64% to 11.66%
Tuesday -1.07% 3.96% -5.03% to 2.89%
Wednesday 2.58% 10.77% -8.19% to 13.34%
Thursday -2.69% 8.11% -10.80% to 5.42%
Friday -1.85% 5.72% -7.57% to 3.87%
Saturday -0.96% 8.08% -9.04% to 7.12%
 

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