Kyber Network (KNC)

Current price: $ 2.46

24 hours price change: $ -0.14 (-5.29%)

Daily analysis of Kyber Network (KNC) - 1 month

The performance of Kyber Network regarding the price differs every day. To make the best decision to buy Kyber Network, we are analysis in this article the performance of Kyber Network on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on April 23rd, 2022 to May 23rd, 2022.

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

Average daily change in price of Kyber Network per weekday between 04/23/2022 and 05/23/2022.

According to the performance of Kyber Network between April 23rd, 2022 and May 23rd, 2022, Kyber Network performed the best on Tuesdays. On average, the price of Kyber Network increased 1.63% on Tuesday.

The weekday on which the Kyber Network performed the worst, is Saturday. On Saturdays, the Kyber Network declined in value on average by -1.18%.

Kyber Network weekday performance

Kyber Network increased in value on an average Sunday only slightly. The average increase in value of the Kyber Network was 0.19%. Allthough the Kyber Network closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.28%). This means that on 68 percent of the Sundays, the change in price of the Kyber Network is expected to be in the range of -0.09% and 0.47%.

On Mondays, the Kyber Network decreases in value on average with -0.78%. On most of the Mondays the Kyber Network decreases in value between -2.58% and 1.02%. The uncertainty (1.80%) is higher than the average decline percentage (-0.78%). Therefore, expected range of price changes of the Kyber Network on Mondays is large.

On an average Tuesday the Kyber Network shows an increase in value of 1.63%. However, the change of Kyber Network on most of the Tuesdays is between -0.41% and 3.67%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Kyber Networks.

Kyber Network increased in value on an average Wednesday only slightly. The average increase in value of the Kyber Network was 0.02%. Allthough the Kyber Network closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.25%). This means that on 68 percent of the Wednesdays, the change in price of the Kyber Network is expected to be in the range of -0.24% and 0.27%.

Kyber Network increased in value on an average Thursday only slightly. The average increase in value of the Kyber Network was 0.10%. Allthough the Kyber Network closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.48%). This means that on 68 percent of the Thursdays, the change in price of the Kyber Network is expected to be in the range of -0.37% and 0.58%.

On Fridays, the Kyber Network decreases in value on average with -0.95%. On most of the Fridays the Kyber Network decreases in value between -2.39% and 0.48%. The uncertainty (1.44%) is higher than the average decline percentage (-0.95%). Therefore, expected range of price changes of the Kyber Network on Fridays is large.

The Kyber Network declines in value on an average Saturday with -1.18%. However, the uncertainty (or standard deviation) is quite large, namely 3.68%. This means that it is not possible to say whether on a regular Saturday the Kyber Network will increase or decrease in value.

Kyber Network weekday performance details

Find below the details of the performance of Kyber Network 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 0.19% 0.28% -0.09% to 0.47%
Monday -0.78% 1.80% -2.58% to 1.02%
Tuesday 1.63% 2.04% -0.41% to 3.67%
Wednesday 0.02% 0.25% -0.24% to 0.27%
Thursday 0.10% 0.48% -0.37% to 0.58%
Friday -0.95% 1.44% -2.39% to 0.48%
Saturday -1.18% 3.68% -4.86% to 2.50%
 

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