Zcash Trading 8% Lower Over Last 7 Days (ZEC)

Zcash (ZEC) traded 1% lower against the U.S. dollar during the 1-day period ending at 20:00 PM Eastern on April 29th. Zcash has a market capitalization of $364.71 million and $48.70 million worth of Zcash was traded on exchanges in the last 24 hours. Over the last seven days, Zcash has traded 8% lower against the U.S. dollar. One Zcash coin can now be bought for about $22.34 or 0.00034915 BTC on exchanges.

Here’s how related cryptocurrencies have performed over the last 24 hours:

• Bitcoin Gold (BTG) traded 1.7% lower against the dollar and now trades at $33.16 or 0.00051833 BTC.
• Horizen (ZEN) traded 1% lower against the dollar and now trades at $8.66 or 0.00013542 BTC.
• Pirate Chain (ARRR) traded 2.2% lower against the dollar and now trades at $0.38 or 0.00000598 BTC.
• Komodo (KMD) traded 0.3% higher against the dollar and now trades at $0.41 or 0.00000644 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded down 0.3% against the dollar and now trades at $0.0570 or 0.00000089 BTC.

Zcash Coin Profile

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

Zcash Coin Trading

It is usually not 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 Coinbase, GDAX or Gemini. 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