DigiByte (DGB)

Current price: $ 0.01

24 hours price change: $ -0.000561 (-4.95%)

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 January 9th, 2023 to February 9th, 2023.

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 01/09/2023 and 02/09/2023.

According to the performance of DigiByte between January 9th, 2023 and February 9th, 2023, DigiByte performed the best on Thursdays. On average, the price of DigiByte increased 1.76% on Thursday.

The weekday on which the DigiByte performed the worst, is Sunday. On Sundays, the DigiByte declined in value on average by -0.40%.

DigiByte weekday performance

Allthough the DigiByte decreases in value with -0.40% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of DigiByte on Sundays is 1.37%. This means that the expected change of the value of DigiByte is between -1.76% and 0.97% on 68 out of 100 Sundays.

On an average Monday the DigiByte shows a high increase in value, namely 1.33%. The standard deviation is below the average increase percentage (standard deviation is 1.14%), meaning that on 68% of the Mondays the DigiByte will increase with a percentage between 0.18% and 2.47%. This also means that, on average, on 16 percent of the Mondays, the DigiByte will increase with a percentage above this range. On the other 16% of the Mondays, the DigiByte will change with a percentage below the 0.18%.

Allthough the DigiByte decreases in value with -0.38% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of DigiByte on Tuesdays is 0.88%. This means that the expected change of the value of DigiByte is between -1.26% and 0.50% on 68 out of 100 Tuesdays.

It is hard to tell whether the DigiByte will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the DigiByte is -0.16%. However, the standard deviation on this weekday is 0.83%. This means that on most Wednesdays, the change in value of the DigiByte is between -0.99% and 0.67%.

On an average Thursday the DigiByte shows a high increase in value, namely 1.76%. The standard deviation is below the average increase percentage (standard deviation is 1.42%), meaning that on 68% of the Thursdays the DigiByte will increase with a percentage between 0.34% and 3.17%. This also means that, on average, on 16 percent of the Thursdays, the DigiByte will increase with a percentage above this range. On the other 16% of the Thursdays, the DigiByte will change with a percentage below the 0.34%.

Historical performance on Friday 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 Friday with 0.91%. However, the uncertainty of this increase is high. The expected change in value of the DigiByte on a Friday is between -0.29% and 2.11% (see also the table below).

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 0.67%. However, the uncertainty of this increase is high. The expected change in value of the DigiByte on a Saturday is between -0.18% and 1.52% (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 -0.40% 1.37% -1.76% to 0.97%
Monday 1.33% 1.14% 0.18% to 2.47%
Tuesday -0.38% 0.88% -1.26% to 0.50%
Wednesday -0.16% 0.83% -0.99% to 0.67%
Thursday 1.76% 1.42% 0.34% to 3.17%
Friday 0.91% 1.20% -0.29% to 2.11%
Saturday 0.67% 0.85% -0.18% to 1.52%
 

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