Zcash Trading 8% Higher This Week (ZEC)

Zcash (ZEC) traded 2% lower against the U.S. dollar during the 1-day period ending at 22:00 PM E.T. on July 30th. Over the last seven days, Zcash has traded up 8% against the U.S. dollar. Zcash has a market cap of $520.67 million and approximately $73.95 million worth of Zcash was traded on exchanges in the last 24 hours. One Zcash coin can now be bought for about $31.89 or 0.00048110 BTC on cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• Bitcoin Gold (BTG) traded down 1.8% against the dollar and now trades at $26.72 or 0.00040310 BTC.
• Horizen (ZEN) traded down 10.3% against the dollar and now trades at $9.72 or 0.00014659 BTC.
• Komodo (KMD) traded down 2.3% against the dollar and now trades at $0.28 or 0.00000417 BTC.
• Pirate Chain (ARRR) traded 3.5% higher against the dollar and now trades at $0.18 or 0.00000267 BTC.
• ZClassic (ZCL) traded 2.2% lower against the dollar and now trades at $0.0537 or 0.00000081 BTC.

About Zcash

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. Zcash’s official website is z.cash. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. Zcash’s official message board is forum.z.cash. The Reddit community for Zcash is https://reddit.com/r/zec and the currency’s Github account can be viewed 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 currently 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 GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Zcash using one of the exchanges listed above.

ZEC/USD price chart by TradingView