DigiByte (DGB)

Current price: $ 0.05

24 hours price change: $ -0.001400 (-2.54%)

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 December 13th, 2020 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 12/13/2020 and 06/13/2021.

According to the performance of DigiByte between December 13th, 2020 and June 13th, 2021, DigiByte performed the best on Mondays. On average, the price of DigiByte increased 1.52% on Monday.

The weekday on which the DigiByte performed the worst, is Tuesday. On Tuesdays, the DigiByte declined in value on average by -0.61%.

DigiByte weekday performance

Allthough the DigiByte decreases in value with -0.51% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of DigiByte on Sundays is 2.09%. This means that the expected change of the value of DigiByte is between -2.60% and 1.58% on 68 out of 100 Sundays.

On an average Monday the DigiByte shows an increase in value of 1.52%. However, the change of DigiByte on most of the Mondays is between -2.95% and 5.99%. 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 -0.61%. On most of the Tuesdays the DigiByte decreases in value between -3.42% and 2.20%. The uncertainty (2.81%) is higher than the average decline percentage (-0.61%). Therefore, expected range of price changes of the DigiByte on Tuesdays is large.

On an average Wednesday, the DigiByte increased 0.44%. However, since the expected deviation is 9.55%, the DigiByte will decline in value on a Wednesday quiet regularly. The expected price change of the DigiByte on a Wednesday is between -9.11% and 9.99%.

Allthough the DigiByte decreases in value with -0.34% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of DigiByte on Thursdays is 5.38%. This means that the expected change of the value of DigiByte is between -5.72% and 5.05% on 68 out of 100 Thursdays.

On an average Friday, the DigiByte increased 0.38%. However, since the expected deviation is 5.51%, the DigiByte will decline in value on a Friday quiet regularly. The expected price change of the DigiByte on a Friday is between -5.13% and 5.89%.

It is hard to tell whether the DigiByte will increase or decrease in value on an average Saturday. The average change on a Saturday for the DigiByte is -0.21%. However, the standard deviation on this weekday is 4.16%. This means that on most Saturdays, the change in value of the DigiByte is between -4.36% and 3.95%.

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 -0.51% 2.09% -2.60% to 1.58%
Monday 1.52% 4.47% -2.95% to 5.99%
Tuesday -0.61% 2.81% -3.42% to 2.20%
Wednesday 0.44% 9.55% -9.11% to 9.99%
Thursday -0.34% 5.38% -5.72% to 5.05%
Friday 0.38% 5.51% -5.13% to 5.89%
Saturday -0.21% 4.16% -4.36% to 3.95%
 

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