DigiByte (DGB)

Current price: $ 0.04

24 hours price change: $ -0.001992 (-4.34%)

Daily analysis of DigiByte (DGB) - 6 months

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 6 months, starting on March 28th, 2021 to September 28th, 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 03/28/2021 and 09/28/2021.

According to the performance of DigiByte between March 28th, 2021 and September 28th, 2021, DigiByte performed the best on Mondays. On average, the price of DigiByte increased 1.35% on Monday.

The weekday on which the DigiByte performed the worst, is Thursday. On Thursdays, the DigiByte declined in value on average by -0.77%.

DigiByte weekday performance

It is hard to tell whether the DigiByte will increase or decrease in value on an average Sunday. The average change on a Sunday for the DigiByte is -0.05%. However, the standard deviation on this weekday is 1.92%. This means that on most Sundays, the change in value of the DigiByte is between -1.97% and 1.87%.

On an average Monday the DigiByte shows an increase in value of 1.35%. However, the change of DigiByte on most of the Mondays is between -2.49% and 5.19%. Therefore it is hard to tell whether an average Monday is a good day to start buying DigiBytes.

On an average Tuesday, the DigiByte increased 0.60%. However, since the expected deviation is 2.43%, the DigiByte will decline in value on a Tuesday quiet regularly. The expected price change of the DigiByte on a Tuesday is between -1.83% and 3.02%.

Historical performance on Wednesday 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 Wednesday with 0.83%. However, the uncertainty of this increase is high. The expected change in value of the DigiByte on a Wednesday is between -8.10% and 9.77% (see also the table below).

On Thursdays, the DigiByte decreases in value on average with -0.77%. On most of the Thursdays the DigiByte decreases in value between -4.47% and 2.93%. The uncertainty (3.70%) is higher than the average decline percentage (-0.77%). Therefore, expected range of price changes of the DigiByte on Thursdays is large.

DigiByte increased in value on an average Friday only slightly. The average increase in value of the DigiByte was 0.25%. Allthough the DigiByte closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (5.24%). This means that on 68 percent of the Fridays, the change in price of the DigiByte is expected to be in the range of -4.99% and 5.48%.

DigiByte increased in value on an average Saturday only slightly. The average increase in value of the DigiByte was 0.27%. Allthough the DigiByte closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (3.31%). This means that on 68 percent of the Saturdays, the change in price of the DigiByte is expected to be in the range of -3.04% and 3.59%.

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 -0.05% 1.92% -1.97% to 1.87%
Monday 1.35% 3.84% -2.49% to 5.19%
Tuesday 0.60% 2.43% -1.83% to 3.02%
Wednesday 0.83% 8.94% -8.10% to 9.77%
Thursday -0.77% 3.70% -4.47% to 2.93%
Friday 0.25% 5.24% -4.99% to 5.48%
Saturday 0.27% 3.31% -3.04% to 3.59%
 

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