DigiByte (DGB)

Current price: $ 0.008496

24 hours price change: $ 0.000167 (2.01%)

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 January 19th, 2024 to July 19th, 2024.

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 01/19/2024 and 07/19/2024.

According to the performance of DigiByte between January 19th, 2024 and July 19th, 2024, DigiByte performed the best on Saturdays. On average, the price of DigiByte increased 0.56% on Saturday.

The weekday on which the DigiByte performed the worst, is Tuesday. On Tuesdays, the DigiByte declined in value on average by -0.38%.

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 -0.12%. However, the standard deviation on this weekday is 2.36%. This means that on most Sundays, the change in value of the DigiByte is between -2.48% and 2.24%.

On an average Monday, the DigiByte increased 0.50%. However, since the expected deviation is 2.23%, the DigiByte will decline in value on a Monday quiet regularly. The expected price change of the DigiByte on a Monday is between -1.73% and 2.73%.

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 1.90%. This means that the expected change of the value of DigiByte is between -2.28% and 1.53% on 68 out of 100 Tuesdays.

Allthough the DigiByte decreases in value with -0.32% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of DigiByte on Wednesdays is 1.39%. This means that the expected change of the value of DigiByte is between -1.71% and 1.07% on 68 out of 100 Wednesdays.

DigiByte increased in value on an average Thursday only slightly. The average increase in value of the DigiByte was 0.24%. 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 (1.35%). This means that on 68 percent of the Thursdays, the change in price of the DigiByte is expected to be in the range of -1.11% and 1.59%.

DigiByte increased in value on an average Friday only slightly. The average increase in value of the DigiByte was 0.03%. 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 (1.38%). This means that on 68 percent of the Fridays, the change in price of the DigiByte is expected to be in the range of -1.35% and 1.41%.

On an average Saturday, the DigiByte increased 0.56%. However, since the expected deviation is 1.92%, the DigiByte will decline in value on a Saturday quiet regularly. The expected price change of the DigiByte on a Saturday is between -1.36% and 2.49%.

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 -0.12% 2.36% -2.48% to 2.24%
Monday 0.50% 2.23% -1.73% to 2.73%
Tuesday -0.38% 1.90% -2.28% to 1.53%
Wednesday -0.32% 1.39% -1.71% to 1.07%
Thursday 0.24% 1.35% -1.11% to 1.59%
Friday 0.03% 1.38% -1.35% to 1.41%
Saturday 0.56% 1.92% -1.36% to 2.49%
 

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