Zcash Trading 22.9% Lower Over Last Week (ZEC)

Zcash (ZEC) traded 2.7% lower against the dollar during the one day period ending at 21:00 PM Eastern on April 17th. One Zcash coin can now be bought for about $20.92 or 0.00034086 BTC on popular cryptocurrency exchanges. Zcash has a market capitalization of $341.58 million and $51.80 million worth of Zcash was traded on exchanges in the last 24 hours. In the last seven days, Zcash has traded down 22.9% against the dollar.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• Bitcoin Gold (BTG) traded 6.9% lower against the dollar and now trades at $34.33 or 0.00055943 BTC.
• Horizen (ZEN) traded 1.5% lower against the dollar and now trades at $8.37 or 0.00013640 BTC.
• Pirate Chain (ARRR) traded up 3.7% against the dollar and now trades at $0.34 or 0.00000561 BTC.
• Komodo (KMD) traded down 5.6% against the dollar and now trades at $0.38 or 0.00000627 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded down 6.6% against the dollar and now trades at $0.0568 or 0.00000092 BTC.

About Zcash

ZEC 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. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. The Reddit community for Zcash is https://reddit.com/r/zec and the currency’s Github account can be viewed here. Zcash’s official website is z.cash.

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.”

Buying and Selling Zcash

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

ZEC/USD price chart by TradingView