Zcash (ZEC) Trading Up 29.4% Over Last Week

Zcash (ZEC) traded 0.7% lower against the U.S. dollar during the 24 hour period ending at 14:00 PM Eastern on October 16th. Over the last week, Zcash has traded 29.4% higher against the U.S. dollar. Zcash has a total market capitalization of $613.83 million and $95.23 million worth of Zcash was traded on exchanges in the last day. One Zcash coin can currently be purchased for approximately $37.59 or 0.00055294 BTC on major exchanges.

Here’s how related cryptocurrencies have performed over the last day:

• Bitcoin Gold (BTG) traded up 2.3% against the dollar and now trades at $23.69 or 0.00034842 BTC.
• Horizen (ZEN) traded down 1.4% against the dollar and now trades at $8.19 or 0.00012041 BTC.
• Komodo (KMD) traded 0.7% higher against the dollar and now trades at $0.26 or 0.00000380 BTC.
• Pirate Chain (ARRR) traded 0.5% higher against the dollar and now trades at $0.17 or 0.00000247 BTC.
• ZClassic (ZCL) traded up 2.9% against the dollar and now trades at $0.0538 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 official website for Zcash is z.cash. 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.

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 presently possible to purchase alternative cryptocurrencies such as Zcash directly using U.S. dollars. Investors seeking to trade Zcash should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. 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