Bytecoin (BCN)

Current price: $ 0.000296

24 hours price change: $ -0.000008 (-2.64%)

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 October 16th, 2023 to April 16th, 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 10/16/2023 and 04/16/2024.

According to the performance of Bytecoin between October 16th, 2023 and April 16th, 2024, Bytecoin performed the best on Saturdays. On average, the price of Bytecoin increased 3.53% on Saturday.

The weekday on which the Bytecoin performed the worst, is Tuesday. On Tuesdays, the Bytecoin declined in value on average by -0.35%.

Bytecoin weekday performance

On an average Sunday the Bytecoin shows an increase in value of 2.36%. However, the change of Bytecoin on most of the Sundays is between -8.44% and 13.16%. 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 1.86%. However, the change of Bytecoin on most of the Mondays is between -4.44% and 8.15%. Therefore it is hard to tell whether an average Monday is a good day to start buying Bytecoins.

Allthough the Bytecoin decreases in value with -0.35% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Bytecoin on Tuesdays is 4.77%. This means that the expected change of the value of Bytecoin is between -5.12% and 4.42% on 68 out of 100 Tuesdays.

On an average Wednesday the Bytecoin shows an increase in value of 2.18%. However, the change of Bytecoin on most of the Wednesdays is between -4.04% and 8.41%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Bytecoins.

On an average Thursday the Bytecoin shows an increase in value of 2.32%. However, the change of Bytecoin on most of the Thursdays is between -4.13% and 8.77%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Bytecoins.

On an average Friday the Bytecoin shows an increase in value of 2.95%. However, the change of Bytecoin on most of the Fridays is between -4.25% and 10.15%. Therefore it is hard to tell whether an average Friday is a good day to start buying Bytecoins.

The increase in value of the Bytecoin is 3.53% 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 20.84%. This means that the expected range of value change for the Bytecoin is -17.31% and 24.37% 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 2.36% 10.80% -8.44% to 13.16%
Monday 1.86% 6.29% -4.44% to 8.15%
Tuesday -0.35% 4.77% -5.12% to 4.42%
Wednesday 2.18% 6.23% -4.04% to 8.41%
Thursday 2.32% 6.45% -4.13% to 8.77%
Friday 2.95% 7.20% -4.25% to 10.15%
Saturday 3.53% 20.84% -17.31% to 24.37%
 

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: Financial indicators for cryptocurrencies