Zcash Trading 3.8% Higher Over Last 7 Days (ZEC)

Zcash (ZEC) traded down 2.2% against the U.S. dollar during the one day period ending at 8:00 AM Eastern on October 24th. One Zcash coin can currently be purchased for approximately $36.74 or 0.00054574 BTC on popular cryptocurrency exchanges. During the last week, Zcash has traded 3.8% higher against the U.S. dollar. Zcash has a market capitalization of $599.98 million and $71.09 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 1.8% higher against the dollar and now trades at $22.45 or 0.00033339 BTC.
• Horizen (ZEN) traded 0.6% higher against the dollar and now trades at $7.74 or 0.00011497 BTC.
• Pirate Chain (ARRR) traded up 0.1% against the dollar and now trades at $0.17 or 0.00000254 BTC.
• Komodo (KMD) traded 3.2% lower against the dollar and now trades at $0.24 or 0.00000355 BTC.
• ZClassic (ZCL) traded up 1.6% against the dollar and now trades at $0.0572 or 0.00000085 BTC.

Zcash Coin Profile

Zcash (CRYPTO:ZEC) is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. It launched on October 28th, 2016. Zcash’s total supply is 16,328,269 coins. 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. The official message board for Zcash is forum.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 acquire Zcash should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Zcash using one of the aforementioned exchanges.

ZEC/USD price chart by TradingView