Zcash (ZEC)

Current price: $ 55.65

24 hours price change: $ -1.08 (-1.90%)

Daily analysis of Zcash (ZEC) - 1 year

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 year, starting on October 1st, 2021 to October 1st, 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 10/01/2021 and 10/01/2022.

According to the performance of Zcash between October 1st, 2021 and October 1st, 2022, Zcash performed the best on Sundays. On average, the price of Zcash increased 0.18% on Sunday.

The weekday on which the Zcash performed the worst, is Tuesday. On Tuesdays, the Zcash declined in value on average by -0.44%.

Zcash weekday performance

Zcash increased in value on an average Sunday only slightly. The average increase in value of the Zcash was 0.18%. Allthough the Zcash closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (1.70%). This means that on 68 percent of the Sundays, the change in price of the Zcash is expected to be in the range of -1.52% and 1.89%.

It is hard to tell whether the Zcash will increase or decrease in value on an average Monday. The average change on a Monday for the Zcash is -0.29%. However, the standard deviation on this weekday is 1.09%. This means that on most Mondays, the change in value of the Zcash is between -1.38% and 0.81%.

Allthough the Zcash decreases in value with -0.44% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Zcash on Tuesdays is 2.61%. This means that the expected change of the value of Zcash is between -3.04% and 2.17% on 68 out of 100 Tuesdays.

Zcash increased in value on an average Wednesday only slightly. The average increase in value of the Zcash was 0.13%. Allthough the Zcash closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (2.10%). This means that on 68 percent of the Wednesdays, the change in price of the Zcash is expected to be in the range of -1.96% and 2.23%.

It is hard to tell whether the Zcash will increase or decrease in value on an average Thursday. The average change on a Thursday for the Zcash is -0.08%. However, the standard deviation on this weekday is 1.89%. This means that on most Thursdays, the change in value of the Zcash is between -1.97% and 1.81%.

It is hard to tell whether the Zcash will increase or decrease in value on an average Friday. The average change on a Friday for the Zcash is -0.21%. However, the standard deviation on this weekday is 2.25%. This means that on most Fridays, the change in value of the Zcash is between -2.46% and 2.04%.

Zcash increased in value on an average Saturday only slightly. The average increase in value of the Zcash was 0.17%. Allthough the Zcash closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (2.48%). This means that on 68 percent of the Saturdays, the change in price of the Zcash is expected to be in the range of -2.31% and 2.65%.

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 0.18% 1.70% -1.52% to 1.89%
Monday -0.29% 1.09% -1.38% to 0.81%
Tuesday -0.44% 2.61% -3.04% to 2.17%
Wednesday 0.13% 2.10% -1.96% to 2.23%
Thursday -0.08% 1.89% -1.97% to 1.81%
Friday -0.21% 2.25% -2.46% to 2.04%
Saturday 0.17% 2.48% -2.31% to 2.65%
 

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: Financial indicators for cryptocurrencies