Zcash (ZEC) Trading Down 4.1% Over Last Week

Zcash (ZEC) traded up 0.7% against the US dollar during the 24 hour period ending at 11:00 AM ET on April 20th. Zcash has a market capitalization of $368.19 million and $44.71 million worth of Zcash was traded on exchanges in the last day. During the last week, Zcash has traded down 4.1% against the US dollar. One Zcash coin can currently be purchased for approximately $22.55 or 0.00035300 BTC on major cryptocurrency exchanges.

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

• Bitcoin Gold (BTG) traded up 1.1% against the dollar and now trades at $35.86 or 0.00056131 BTC.
• Horizen (ZEN) traded up 0.3% against the dollar and now trades at $8.76 or 0.00013714 BTC.
• Pirate Chain (ARRR) traded 6% higher against the dollar and now trades at $0.41 or 0.00000649 BTC.
• Komodo (KMD) traded 2.5% higher against the dollar and now trades at $0.42 or 0.00000653 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded 0.6% lower against the dollar and now trades at $0.0607 or 0.00000095 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 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 message board for Zcash is forum.z.cash. 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 presently possible to buy alternative cryptocurrencies such as Zcash directly using US dollars. Investors seeking to acquire Zcash should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Gemini or Changelly. 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