ON_CHAIN_VALUATION
ON_CHAIN_VALUATION
ON_CHAIN_VALUATION
VALUATION CONTEXT
These datasets describe price, estimated cost basis and observable behavior. They do not establish that ZEC is overvalued or undervalued. A valuation verdict requires tested thresholds, independent signals and sufficient historical coverage.
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CoinGecko aggregate trading volume. This measures reported turnover, not order-book depth or net buying.
Unavailable
Current quote compared with 200 consecutive daily observations. Trend describes momentum, not fair value.
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Current quote / modeled realized price from Unavailable. Includes a shielded-flow estimate; disabled when inputs are stale.
Actual SOPR unavailable
Use observed transparent spends. A shielded pool cost-basis ratio is not a spent-output profit ratio.
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An aggregate usage/supply observation. It does not establish market demand or justify a target price.
Not connected · unscored
Historical search attention, when available. Incomplete weeks are excluded; a reliable refresh feed and historical validation are needed before assigning a weight.
Daily history · 30D
Daily USD price and modeled cost basis per ZEC.
Market cap / modeled realized cap.
Modeled unrealized profit or loss · %
Transparent output behavior · 30D
Unspent transparent ZEC by output age.
Average age of spent transparent outputs · days.
Worldwide · Weekly relative search interest (0–100).
The current USD quote comes from the app’s CoinGecko proxy, polled every 30 seconds with a 60-second server cache. Quotes older than five minutes, failed refreshes and unknown timestamps are not treated as current. Daily model snapshots have a three-day recency limit for current-price comparisons.
Moving averages require consecutive daily prices. The 30-day and 90-day USD returns use exact calendar-day comparisons. A 365-day high uses daily prices rather than intraday highs. The current USD quote is separate from the daily history. Charts use linear scales and UTC dates. History can remain useful even when delayed; its date stays visible.
Transparent outputs are valued at their creation-day price. The historical replay reconstructs each completed UTC day’s unspent outputs from public creation and spend records. Their creation-day USD prices provide a modeled cost basis, not an owner’s purchase price. Rows awaiting replay retain their previous estimates until verified.
Value entering a shielded pool, including shielded mining rewards, adds value at the entry-day price. Value leaving a pool removes that pool’s modeled average basis; moves between shielded pools carry their basis to the new pool. Private transfers and individual acquisition prices are not observable. Transfers can reset modeled cost basis without a purchase or sale. These estimates can differ from other providers.
Latest modeled cap: — · transparent — · shielded —.
MVRV is market cap divided by modeled realized cap; NUPL is (market cap − realized cap) / market cap. MVRV above 1 means market capitalization exceeds modeled realized capitalization; it is not a fair-value threshold. MVRV and NUPL share the same inputs, so they are not independent confirmation. SOPR describes observed transparent spent outputs. A modeled shielded pool cost-basis ratio is excluded because it does not measure realized spending profit.
Zero is a valid observation. Missing data leaves gaps and unavailable readings. A quote multiplied into a dated model does not become a newly calculated on-chain snapshot.
Cost basis, momentum, public behavior, shielded adoption and search interest provide different context. No weighted buy/sell zone is published: thresholds need Zcash-specific historical validation and coverage checks. Search interest can rise for positive or negative reasons.
Reported spot volume and market capitalization come from CoinGecko with the quote. Reported turnover does not measure order-book liquidity, net buying or derivatives positioning.
Unspent ZEC is grouped by time since output creation. Output age is not the age of an owner’s position. Average spent age is the mean age per positive-value transparent output spent per day. Coin-days destroyed sums value moved × output age, in ZEC-days; spikes can reflect older or larger outputs moving and do not prove selling.
Shielded note ages and private transfers cannot be observed. These charts describe transparent outputs only.
Google Trends measures weekly relative search attention worldwide. Each exported window is normalized from 0 to 100; this is not search volume or buying demand. Separately normalized windows must not be concatenated.
History comes from manually imported CSV snapshots; automatic daily updates are not connected. The current snapshot was captured Unavailable. The dashed incomplete week is provisional and excluded from signal calculations. Search attention remains unscored until a reliable feed and historical validation are available.