Synthetix Network Token (SNX)

Current price: $ 8.38

24 hours price change: $ -0.26 (-2.99%)

Daily analysis of Synthetix Network Token (SNX) - 1 month

The performance of Synthetix Network Token regarding the price differs every day. To make the best decision to buy Synthetix Network Token, we are analysis in this article the performance of Synthetix Network Token on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on June 25th, 2021 to July 25th, 2021.

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

Average daily change in price of Synthetix Network Token per weekday between 06/25/2021 and 07/25/2021.

According to the performance of Synthetix Network Token between June 25th, 2021 and July 25th, 2021, Synthetix Network Token performed the best on Mondays. On average, the price of Synthetix Network Token increased 2.10% on Monday.

The weekday on which the Synthetix Network Token performed the worst, is Thursday. On Thursdays, the Synthetix Network Token declined in value on average by -4.42%.

Synthetix Network Token weekday performance

On an average Sunday the Synthetix Network Token shows an increase in value of 1.64%. However, the change of Synthetix Network Token on most of the Sundays is between -1.43% and 4.71%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Synthetix Network Tokens.

On an average Monday the Synthetix Network Token shows an increase in value of 2.10%. However, the change of Synthetix Network Token on most of the Mondays is between -2.05% and 6.26%. Therefore it is hard to tell whether an average Monday is a good day to start buying Synthetix Network Tokens.

On an average Tuesday, the Synthetix Network Token increased 0.43%. However, since the expected deviation is 0.78%, the Synthetix Network Token will decline in value on a Tuesday quiet regularly. The expected price change of the Synthetix Network Token on a Tuesday is between -0.34% and 1.21%.

Synthetix Network Token increased in value on an average Wednesday only slightly. The average increase in value of the Synthetix Network Token was 0.11%. Allthough the Synthetix Network Token closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.41%). This means that on 68 percent of the Wednesdays, the change in price of the Synthetix Network Token is expected to be in the range of -0.29% and 0.52%.

The decrease in value of the Synthetix Network Token is -4.42% on an average Thursday. The uncertainty of the average change is high for the Synthetix Network Token on Thursdays. This means that it is hard to tell whether the Synthetix Network Token will decrease or increase in value on an average Thursday. If we look at the 68% range of the Synthetix Network Token, we see that on 68% of the Thursdays, the expected change of the Synthetix Network Token is between -8.82% and -0.02%.

The Synthetix Network Token declines in value on an average Friday with -2.35%. However, the uncertainty (or standard deviation) is quite large, namely 4.94%. This means that it is not possible to say whether on a regular Friday the Synthetix Network Token will increase or decrease in value.

On an average Saturday, the Synthetix Network Token increased 0.43%. However, since the expected deviation is 1.08%, the Synthetix Network Token will decline in value on a Saturday quiet regularly. The expected price change of the Synthetix Network Token on a Saturday is between -0.64% and 1.51%.

Synthetix Network Token weekday performance details

Find below the details of the performance of Synthetix Network Token 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 1.64% 3.07% -1.43% to 4.71%
Monday 2.10% 4.15% -2.05% to 6.26%
Tuesday 0.43% 0.78% -0.34% to 1.21%
Wednesday 0.11% 0.41% -0.29% to 0.52%
Thursday -4.42% 4.40% -8.82% to -0.02%
Friday -2.35% 4.94% -7.28% to 2.59%
Saturday 0.43% 1.08% -0.64% to 1.51%
 

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