Zcash Trading Up 29.1% This Week (ZEC)

Zcash (ZEC) traded 3.4% higher against the US dollar during the one day period ending at 19:00 PM E.T. on July 11th. One Zcash coin can now be purchased for about $24.19 or 0.00042288 BTC on major exchanges. Zcash has a total market cap of $394.94 million and $58.49 million worth of Zcash was traded on exchanges in the last 24 hours. During the last seven days, Zcash has traded up 29.1% against the US dollar.

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

• Bitcoin Gold (BTG) traded 0.7% lower against the dollar and now trades at $23.25 or 0.00040643 BTC.
• Horizen (ZEN) traded down 1.6% against the dollar and now trades at $10.65 or 0.00018618 BTC.
• Komodo (KMD) traded 2.7% lower against the dollar and now trades at $0.29 or 0.00000509 BTC.
• Pirate Chain (ARRR) traded 0.2% higher against the dollar and now trades at $0.16 or 0.00000281 BTC.
• ZClassic (ZCL) traded down 0.6% against the dollar and now trades at $0.0463 or 0.00000081 BTC.

Zcash Profile

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 official message board for Zcash is forum.z.cash. Zcash’s official website is z.cash. 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.

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 purchase alternative cryptocurrencies such as Zcash directly using U.S. dollars. Investors seeking to acquire Zcash should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Zcash using one of the aforementioned exchanges.

ZEC/USD price chart by TradingView