Kyber Network (KNC)

Current price: $ 0.18

24 hours price change: $ -0.01 (-5.29%)

Daily analysis of Kyber Network (KNC) - 1 year

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 year, starting on October 20th, 2018 to October 20th, 2019.

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 10/20/2018 and 10/20/2019.

According to the performance of Kyber Network between October 20th, 2018 and October 20th, 2019, Kyber Network performed the best on Thursdays. On average, the price of Kyber Network increased 2.62% on Thursday.

The weekday on which the Kyber Network performed the worst, is Wednesday. On Wednesdays, the Kyber Network declined in value on average by -1.35%.

Kyber Network weekday performance

The Kyber Network declines in value on an average Sunday with -1.25%. However, the uncertainty (or standard deviation) is quite large, namely 5.92%. This means that it is not possible to say whether on a regular Sunday the Kyber Network will increase or decrease in value.

It is hard to tell whether the Kyber Network will increase or decrease in value on an average Monday. The average change on a Monday for the Kyber Network is -0.05%. However, the standard deviation on this weekday is 5.49%. This means that on most Mondays, the change in value of the Kyber Network is between -5.53% and 5.44%.

On an average Tuesday, the Kyber Network increased 0.42%. However, since the expected deviation is 6.09%, the Kyber Network will decline in value on a Tuesday quiet regularly. The expected price change of the Kyber Network on a Tuesday is between -5.68% and 6.51%.

The Kyber Network declines in value on an average Wednesday with -1.35%. However, the uncertainty (or standard deviation) is quite large, namely 7.74%. This means that it is not possible to say whether on a regular Wednesday the Kyber Network will increase or decrease in value.

On an average Thursday the Kyber Network shows an increase in value of 2.62%. However, the change of Kyber Network on most of the Thursdays is between -6.69% and 11.94%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Kyber Networks.

Historical performance on Friday 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 Friday with 0.82%. However, the uncertainty of this increase is high. The expected change in value of the Kyber Network on a Friday is between -7.00% and 8.63% (see also the table below).

On Saturdays, the Kyber Network decreases in value on average with -0.72%. On most of the Saturdays the Kyber Network decreases in value between -5.72% and 4.27%. The uncertainty (4.99%) is higher than the average decline percentage (-0.72%). Therefore, expected range of price changes of the Kyber Network on Saturdays is large.

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 -1.25% 5.92% -7.17% to 4.67%
Monday -0.05% 5.49% -5.53% to 5.44%
Tuesday 0.42% 6.09% -5.68% to 6.51%
Wednesday -1.35% 7.74% -9.09% to 6.39%
Thursday 2.62% 9.32% -6.69% to 11.94%
Friday 0.82% 7.81% -7.00% to 8.63%
Saturday -0.72% 4.99% -5.72% to 4.27%