Zcash (ZEC)

Current price: $ 131.41

24 hours price change: $ -8.53 (-6.10%)

Daily analysis of Zcash (ZEC) - 1 month

The performance of Zcash regarding the price differs every day. To make the best decision to buy Zcash, we are analysis in this article the performance of Zcash on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on December 19th, 2021 to January 19th, 2022.

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

Average daily change in price of Zcash per weekday between 12/19/2021 and 01/19/2022.

According to the performance of Zcash between December 19th, 2021 and January 19th, 2022, Zcash performed the best on Saturdays. On average, the price of Zcash increased 1.20% on Saturday.

The weekday on which the Zcash performed the worst, is Friday. On Fridays, the Zcash declined in value on average by -1.15%.

Zcash weekday performance

Allthough the Zcash decreases in value with -0.60% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Zcash on Sundays is 0.51%. This means that the expected change of the value of Zcash is between -1.11% and -0.08% on 68 out of 100 Sundays.

On Mondays, the Zcash decreases in value on average with -0.67%. On most of the Mondays the Zcash decreases in value between -1.45% and 0.11%. The uncertainty (0.78%) is higher than the average decline percentage (-0.67%). Therefore, expected range of price changes of the Zcash on Mondays is large.

It is hard to tell whether the Zcash will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Zcash is -0.13%. However, the standard deviation on this weekday is 0.59%. This means that on most Tuesdays, the change in value of the Zcash is between -0.72% and 0.46%.

On an average Wednesday, the Zcash increased 0.51%. However, since the expected deviation is 0.72%, the Zcash will decline in value on a Wednesday quiet regularly. The expected price change of the Zcash on a Wednesday is between -0.21% and 1.23%.

The expected range of change of the Zcash for an average Thursday is between 0.22% and 1.37%. This is the result of an average increase in value of 0.80% and a standard deviation of %STANDARD_DEVIATION%}. This expected increase of value is calculated over the last 1 month.

The Zcash declines in value on an average Friday with -1.15%. However, the uncertainty (or standard deviation) is quite large, namely 2.17%. This means that it is not possible to say whether on a regular Friday the Zcash will increase or decrease in value.

On an average Saturday the Zcash shows a high increase in value, namely 1.20%. The standard deviation is below the average increase percentage (standard deviation is 0.36%), meaning that on 68% of the Saturdays the Zcash will increase with a percentage between 0.84% and 1.56%. This also means that, on average, on 16 percent of the Saturdays, the Zcash will increase with a percentage above this range. On the other 16% of the Saturdays, the Zcash will change with a percentage below the 0.84%.

Zcash weekday performance details

Find below the details of the performance of Zcash 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 -0.60% 0.51% -1.11% to -0.08%
Monday -0.67% 0.78% -1.45% to 0.11%
Tuesday -0.13% 0.59% -0.72% to 0.46%
Wednesday 0.51% 0.72% -0.21% to 1.23%
Thursday 0.80% 0.57% 0.22% to 1.37%
Friday -1.15% 2.17% -3.32% to 1.03%
Saturday 1.20% 0.36% 0.84% to 1.56%
 

About Us

: Financial indicators for cryptocurrencies