Zcash (ZEC) Trading 0.6% Lower Over Last Week

Zcash (ZEC) traded 0.9% lower against the dollar during the twenty-four hour period ending at 15:00 PM E.T. on May 5th. Zcash has a market cap of $376.22 million and approximately $42.07 million worth of Zcash was traded on exchanges in the last day. One Zcash coin can currently be purchased for approximately $23.04 or 0.00036014 BTC on popular exchanges. During the last week, Zcash has traded 0.6% lower against the dollar.

Here is how other cryptocurrencies have performed during the last day:

• Bitcoin Gold (BTG) traded 1.7% higher against the dollar and now trades at $37.66 or 0.00058859 BTC.
• Horizen (ZEN) traded 2.2% higher against the dollar and now trades at $9.06 or 0.00014154 BTC.
• Pirate Chain (ARRR) traded down 5.2% against the dollar and now trades at $0.34 or 0.00000539 BTC.
• Komodo (KMD) traded down 4.8% against the dollar and now trades at $0.40 or 0.00000626 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded 0.9% higher against the dollar and now trades at $0.0578 or 0.00000090 BTC.

About Zcash

ZEC is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. It was first traded 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. 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 official website for Zcash 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.”

Zcash Coin Trading

It is usually not 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 Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Zcash using one of the aforementioned exchanges.

ZEC/USD price chart by TradingView