$ZEC 24-hour drop of 4.64%, while DASH was nearly flat. Holding both still leaves the portfolio weighed down by ZEC.
As of 8 a.m. Hong Kong time this morning, both Binance spot coins had risen the previous day. On this day, ZEC gave back all of its gains, while DASH rose just 0.04%. If both positions were equal in value at the outset and no rebalancing took place, DASH would need to rise 4.64% to offset this loss. The higher the proportion of ZEC, the more DASH would need to rise.
ZEC's spot trading volume over the same period fell from 266 million to 133 million USDT. Multiplying each coin's market value at the start of this period by its respective gain or loss shows which side caused the loss. Continuing to hold a larger ZEC position preserves more upside potential, but also carries greater downside risk. If ZEC's decline relative to DASH narrows and trading volume recovers, recalculate each coin's impact on the portfolio.
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Source: Binance and Coinbase spot markets. #ZEC
As of 8 a.m. Hong Kong time this morning, both Binance spot coins had risen the previous day. On this day, ZEC gave back all of its gains, while DASH rose just 0.04%. If both positions were equal in value at the outset and no rebalancing took place, DASH would need to rise 4.64% to offset this loss. The higher the proportion of ZEC, the more DASH would need to rise.
ZEC's spot trading volume over the same period fell from 266 million to 133 million USDT. Multiplying each coin's market value at the start of this period by its respective gain or loss shows which side caused the loss. Continuing to hold a larger ZEC position preserves more upside potential, but also carries greater downside risk. If ZEC's decline relative to DASH narrows and trading volume recovers, recalculate each coin's impact on the portfolio.
This content participates in Binance Square's content mining program. The author may receive platform commissions and engagement rewards.
Source: Binance and Coinbase spot markets. #ZEC
