Zcash Trading 3% Higher Over Last 7 Days (ZEC)

Zcash (ZEC) traded down 1.2% against the dollar during the 24 hour period ending at 12:00 PM ET on June 29th. Zcash has a market cap of $335.96 million and approximately $37.72 million worth of Zcash was traded on exchanges in the last 24 hours. One Zcash coin can currently be purchased for approximately $20.58 or 0.00033805 BTC on major cryptocurrency exchanges. In the last seven days, Zcash has traded 3% higher against the dollar.

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

• Bitcoin Gold (BTG) traded down 1.8% against the dollar and now trades at $25.06 or 0.00041174 BTC.
• Horizen (ZEN) traded 2.4% lower against the dollar and now trades at $6.55 or 0.00010767 BTC.
• Komodo (KMD) traded down 6.8% against the dollar and now trades at $0.31 or 0.00000508 BTC.
• Pirate Chain (ARRR) traded up 8.6% against the dollar and now trades at $0.19 or 0.00000315 BTC.
• ZClassic (ZCL) traded up 0.2% against the dollar and now trades at $0.0493 or 0.00000081 BTC.

Zcash Coin Profile

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. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. The Reddit community for Zcash is https://reddit.com/r/zec and the currency’s Github account can be viewed here. Zcash’s official message board 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.”

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 Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Zcash using one of the aforementioned exchanges.

ZEC/USD price chart by TradingView