Zcash (ZEC) Trading Down 2.6% Over Last Week

Zcash (ZEC) traded down 2% against the US dollar during the 1 day period ending at 8:00 AM Eastern on November 21st. During the last week, Zcash has traded down 2.6% against the US dollar. One Zcash coin can now be bought for about $28.78 or 0.00077456 BTC on popular exchanges. Zcash has a total market cap of $470.00 million and $63.50 million worth of Zcash was traded on exchanges in the last day.

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

• Bitcoin Gold (BTG) traded 3.9% lower against the dollar and now trades at $15.44 or 0.00041547 BTC.
• Horizen (ZEN) traded 6.3% lower against the dollar and now trades at $10.36 or 0.00027887 BTC.
• Komodo (KMD) traded 1.8% lower against the dollar and now trades at $0.25 or 0.00000668 BTC.
• Pirate Chain (ARRR) traded up 3.6% against the dollar and now trades at $0.15 or 0.00000412 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded up 0.3% against the dollar and now trades at $0.0765 or 0.00000206 BTC.

About Zcash

Zcash (ZEC) is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. Its genesis date was October 28th, 2016. Zcash’s total supply is 16,328,269 coins. Zcash’s official website is 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 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 presently possible to buy alternative cryptocurrencies such as Zcash directly using U.S. dollars. Investors seeking to acquire Zcash should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Changelly or Coinbase. 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