Siacoin (SC)

Current price: $ 0.009582

24 hours price change: $ 0.000402 (4.37%)

Daily analysis of Siacoin (SC) - 1 month

The performance of Siacoin regarding the price differs every day. To make the best decision to buy Siacoin, we are analysis in this article the performance of Siacoin on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on February 1st, 2024 to March 1st, 2024.

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

Average daily change in price of Siacoin per weekday between 02/01/2024 and 03/01/2024.

According to the performance of Siacoin between February 1st, 2024 and March 1st, 2024, Siacoin performed the best on Saturdays. On average, the price of Siacoin increased 1.54% on Saturday.

The weekday on which the Siacoin performed the worst, is Tuesday. On Tuesdays, the Siacoin declined in value on average by -0.95%.

Siacoin weekday performance

Allthough the Siacoin decreases in value with -0.33% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Siacoin on Sundays is 3.98%. This means that the expected change of the value of Siacoin is between -4.31% and 3.65% on 68 out of 100 Sundays.

Historical performance on Monday do not show an increase in value of the Siacoin on which a prediction can be made. The Siacoin increased in value on average on an average Monday with 0.60%. However, the uncertainty of this increase is high. The expected change in value of the Siacoin on a Monday is between -0.51% and 1.72% (see also the table below).

On Tuesdays, the Siacoin decreases in value on average with -0.95%. On most of the Tuesdays the Siacoin decreases in value between -2.59% and 0.70%. The uncertainty (1.64%) is higher than the average decline percentage (-0.95%). Therefore, expected range of price changes of the Siacoin on Tuesdays is large.

On Wednesdays, the Siacoin decreases in value on average with -0.82%. On most of the Wednesdays the Siacoin decreases in value between -2.41% and 0.76%. The uncertainty (1.59%) is higher than the average decline percentage (-0.82%). Therefore, expected range of price changes of the Siacoin on Wednesdays is large.

On an average Thursday the Siacoin shows an increase in value of 1.46%. However, the change of Siacoin on most of the Thursdays is between -0.91% and 3.83%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Siacoins.

On an average Friday, the Siacoin increased 0.60%. However, since the expected deviation is 2.01%, the Siacoin will decline in value on a Friday quiet regularly. The expected price change of the Siacoin on a Friday is between -1.41% and 2.61%.

On an average Saturday the Siacoin shows an increase in value of 1.54%. However, the change of Siacoin on most of the Saturdays is between -0.57% and 3.65%. Therefore it is hard to tell whether an average Saturday is a good day to start buying Siacoins.

Siacoin weekday performance details

Find below the details of the performance of Siacoin 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 -0.33% 3.98% -4.31% to 3.65%
Monday 0.60% 1.12% -0.51% to 1.72%
Tuesday -0.95% 1.64% -2.59% to 0.70%
Wednesday -0.82% 1.59% -2.41% to 0.76%
Thursday 1.46% 2.37% -0.91% to 3.83%
Friday 0.60% 2.01% -1.41% to 2.61%
Saturday 1.54% 2.11% -0.57% to 3.65%
 

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