Zcash (ZEC) Trading 6% Higher Over Last 7 Days

Zcash (ZEC) traded 5.3% lower against the US dollar during the 24 hour period ending at 10:00 AM Eastern on April 25th. During the last week, Zcash has traded up 6% against the US dollar. One Zcash coin can now be purchased for about $22.76 or 0.00035926 BTC on exchanges. Zcash has a market capitalization of $371.63 million and approximately $47.18 million worth of Zcash was traded on exchanges in the last day.

Here’s how other cryptocurrencies have performed during the last day:

• Bitcoin Gold (BTG) traded 6% lower against the dollar and now trades at $34.14 or 0.00053885 BTC.
• Horizen (ZEN) traded 7.2% lower against the dollar and now trades at $8.79 or 0.00013876 BTC.
• Pirate Chain (ARRR) traded up 7.9% against the dollar and now trades at $0.39 or 0.00000622 BTC.
• Komodo (KMD) traded down 7.8% against the dollar and now trades at $0.42 or 0.00000661 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded down 4.6% against the dollar and now trades at $0.0600 or 0.00000095 BTC.

About Zcash

Zcash is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. Its launch date was October 28th, 2016. Zcash’s total supply is 16,328,269 coins. The official message board for Zcash is forum.z.cash. The Reddit community for Zcash is https://reddit.com/r/zec and the currency’s Github account can be viewed here. The official website for Zcash is z.cash. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here.

According to CryptoCompare, “ZCash (ZEC) is a digital currency and decentralized open-source cryptocurrency, launched in 2016. It provides users with enhanced privacy and selective transparency of transactions. ZCash is based on the zero-knowledge proof protocol known as zk-SNARKs. This protocol allows the network to maintain a secure ledger of balances without disclosing the parties or amounts involved. Transactions can be audited, verified and tracked without revealing the sender, receiver or transaction amount. ZEC is an inflationary currency, with a maximum supply of 21 million coins. It is accepted by a growing number of merchants, exchanges and other services.”

Zcash Coin Trading

It is usually not presently possible to purchase alternative cryptocurrencies such as Zcash directly using U.S. dollars. Investors seeking to acquire Zcash should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Zcash using one of the exchanges listed above.

ZEC/USD price chart by TradingView