Kyber Network (KNC)

Current price: $ 2.08

24 hours price change: $ 0.24 (12.77%)

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 October 27th, 2021 to November 27th, 2021.

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 10/27/2021 and 11/27/2021.

According to the performance of Kyber Network between October 27th, 2021 and November 27th, 2021, Kyber Network performed the best on Fridays. On average, the price of Kyber Network increased 2.77% on Friday.

The weekday on which the Kyber Network performed the worst, is Wednesday. On Wednesdays, the Kyber Network declined in value on average by -2.68%.

Kyber Network weekday performance

Historical performance on Sunday do not show an increase in value of the Kyber Network on which a prediction can be made. The Kyber Network increased in value on average on an average Sunday with 0.65%. However, the uncertainty of this increase is high. The expected change in value of the Kyber Network on a Sunday is between -0.95% and 2.25% (see also the table below).

Allthough the Kyber Network decreases in value with -0.55% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Kyber Network on Mondays is 1.79%. This means that the expected change of the value of Kyber Network is between -2.35% and 1.24% on 68 out of 100 Mondays.

The Kyber Network declines in value on an average Tuesday with -2.11%. However, the uncertainty (or standard deviation) is quite large, namely 4.36%. This means that it is not possible to say whether on a regular Tuesday the Kyber Network will increase or decrease in value.

The Kyber Network declines in value on an average Wednesday with -2.68%. However, the uncertainty (or standard deviation) is quite large, namely 5.35%. This means that it is not possible to say whether on a regular Wednesday the Kyber Network will increase or decrease in value.

On Thursdays, the Kyber Network decreases in value on average with -0.89%. On most of the Thursdays the Kyber Network decreases in value between -6.80% and 5.02%. The uncertainty (5.91%) is higher than the average decline percentage (-0.89%). Therefore, expected range of price changes of the Kyber Network on Thursdays is large.

On an average Friday the Kyber Network shows an increase in value of 2.77%. However, the change of Kyber Network on most of the Fridays is between -1.82% and 7.37%. Therefore it is hard to tell whether an average Friday is a good day to start buying Kyber Networks.

On an average Saturday the Kyber Network shows an increase in value of 2.66%. However, the change of Kyber Network on most of the Saturdays is between -1.15% and 6.46%. Therefore it is hard to tell whether an average Saturday is a good day to start buying Kyber Networks.

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 0.65% 1.60% -0.95% to 2.25%
Monday -0.55% 1.79% -2.35% to 1.24%
Tuesday -2.11% 4.36% -6.46% to 2.25%
Wednesday -2.68% 5.35% -8.03% to 2.67%
Thursday -0.89% 5.91% -6.80% to 5.02%
Friday 2.77% 4.59% -1.82% to 7.37%
Saturday 2.66% 3.80% -1.15% to 6.46%
 

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: Financial indicators for cryptocurrencies