DigiByte (DGB)

Current price: $ 0.05

24 hours price change: $ -0.002580 (-4.49%)

Daily analysis of DigiByte (DGB) - 1 month

The performance of DigiByte regarding the price differs every day. To make the best decision to buy DigiByte, we are analysis in this article the performance of DigiByte on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on May 13th, 2021 to June 13th, 2021.

In the barchart below, the weekdays and average performance of DigiByte are shown side by side.

Average daily change in price of DigiByte per weekday between 05/13/2021 and 06/13/2021.

According to the performance of DigiByte between May 13th, 2021 and June 13th, 2021, DigiByte performed the best on Mondays. On average, the price of DigiByte increased 2.59% on Monday.

The weekday on which the DigiByte performed the worst, is Wednesday. On Wednesdays, the DigiByte declined in value on average by -4.50%.

DigiByte weekday performance

On an average Sunday, the DigiByte increased 0.47%. However, since the expected deviation is 0.74%, the DigiByte will decline in value on a Sunday quiet regularly. The expected price change of the DigiByte on a Sunday is between -0.27% and 1.21%.

On an average Monday the DigiByte shows an increase in value of 2.59%. However, the change of DigiByte on most of the Mondays is between -1.89% and 7.06%. Therefore it is hard to tell whether an average Monday is a good day to start buying DigiBytes.

On Tuesdays, the DigiByte decreases in value on average with -0.80%. On most of the Tuesdays the DigiByte decreases in value between -2.35% and 0.76%. The uncertainty (1.56%) is higher than the average decline percentage (-0.80%). Therefore, expected range of price changes of the DigiByte on Tuesdays is large.

The decrease in value of the DigiByte is -4.50% on an average Wednesday. The uncertainty of the average change is high for the DigiByte on Wednesdays. This means that it is hard to tell whether the DigiByte will decrease or increase in value on an average Wednesday. If we look at the 68% range of the DigiByte, we see that on 68% of the Wednesdays, the expected change of the DigiByte is between -21.43% and 12.43%.

The DigiByte declines in value on an average Thursday with -1.93%. However, the uncertainty (or standard deviation) is quite large, namely 4.25%. This means that it is not possible to say whether on a regular Thursday the DigiByte will increase or decrease in value.

The DigiByte declines in value on an average Friday with -2.73%. However, the uncertainty (or standard deviation) is quite large, namely 5.13%. This means that it is not possible to say whether on a regular Friday the DigiByte will increase or decrease in value.

Historical performance on Saturday do not show an increase in value of the DigiByte on which a prediction can be made. The DigiByte increased in value on average on an average Saturday with 0.98%. However, the uncertainty of this increase is high. The expected change in value of the DigiByte on a Saturday is between -2.73% and 4.69% (see also the table below).

DigiByte weekday performance details

Find below the details of the performance of DigiByte 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 0.47% 0.74% -0.27% to 1.21%
Monday 2.59% 4.48% -1.89% to 7.06%
Tuesday -0.80% 1.56% -2.35% to 0.76%
Wednesday -4.50% 16.93% -21.43% to 12.43%
Thursday -1.93% 4.25% -6.18% to 2.32%
Friday -2.73% 5.13% -7.86% to 2.40%
Saturday 0.98% 3.71% -2.73% to 4.69%
 

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