Zcash Trading Up 4.1% This Week (ZEC)

Zcash (ZEC) traded down 1.9% against the US dollar during the one day period ending at 20:00 PM ET on August 18th. Zcash has a market cap of $698.83 million and $76.22 million worth of Zcash was traded on exchanges in the last day. During the last seven days, Zcash has traded 4.1% higher against the US dollar. One Zcash coin can now be bought for $42.80 or 0.00072994 BTC on major exchanges.

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

• Bitcoin Gold (BTG) traded 0.7% lower against the dollar and now trades at $22.15 or 0.00037784 BTC.
• Horizen (ZEN) traded down 1.4% against the dollar and now trades at $7.71 or 0.00013154 BTC.
• Komodo (KMD) traded 5.2% higher against the dollar and now trades at $0.24 or 0.00000406 BTC.
• Pirate Chain (ARRR) traded down 0.5% against the dollar and now trades at $0.16 or 0.00000277 BTC.
• ZClassic (ZCL) traded 1.4% lower against the dollar and now trades at $0.0645 or 0.00000110 BTC.

Zcash Profile

Zcash (CRYPTO: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 website for Zcash 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. 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 currently possible to buy alternative cryptocurrencies such as Zcash directly using US dollars. Investors seeking to trade Zcash should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Gemini or Changelly. 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