Zcash (ZEC) Trading 7.4% Lower Over Last Week

Zcash (ZEC) traded down 5.6% against the U.S. dollar during the twenty-four hour period ending at 14:00 PM E.T. on July 4th. During the last week, Zcash has traded down 7.4% against the U.S. dollar. Zcash has a total market cap of $314.22 million and $47.53 million worth of Zcash was traded on exchanges in the last 24 hours. One Zcash coin can now be purchased for about $19.24 or 0.00033035 BTC on popular exchanges.

Here is how other cryptocurrencies have performed during the last 24 hours:

• Bitcoin Gold (BTG) traded 2.8% lower against the dollar and now trades at $23.36 or 0.00040102 BTC.
• Horizen (ZEN) traded 5% higher against the dollar and now trades at $8.48 or 0.00014551 BTC.
• Komodo (KMD) traded down 9.2% against the dollar and now trades at $0.28 or 0.00000476 BTC.
• Pirate Chain (ARRR) traded down 0.6% against the dollar and now trades at $0.18 or 0.00000306 BTC.
• ZClassic (ZCL) traded 5.7% lower against the dollar and now trades at $0.0460 or 0.00000079 BTC.

Zcash 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. 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 website is z.cash. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here.

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 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, Coinbase 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