Zcash (ZEC) Trading Down 0.1% Over Last Week

Zcash (ZEC) traded 1.8% lower against the US dollar during the one day period ending at 7:00 AM Eastern on October 22nd. Zcash has a market cap of $612.32 million and $70.11 million worth of Zcash was traded on exchanges in the last day. One Zcash coin can now be bought for about $37.50 or 0.00055690 BTC on major exchanges. In the last seven days, Zcash has traded down 0.1% against the US dollar.

Here is how other cryptocurrencies have performed in the last day:

• Bitcoin Gold (BTG) traded 1.8% lower against the dollar and now trades at $22.79 or 0.00033839 BTC.
• Horizen (ZEN) traded down 1.9% against the dollar and now trades at $7.91 or 0.00011745 BTC.
• Komodo (KMD) traded down 1.5% against the dollar and now trades at $0.26 or 0.00000382 BTC.
• Pirate Chain (ARRR) traded 1.7% lower against the dollar and now trades at $0.18 or 0.00000263 BTC.
• ZClassic (ZCL) traded up 4.7% against the dollar and now trades at $0.0572 or 0.00000085 BTC.

Zcash 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. 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 message board is forum.z.cash. 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.”

Buying and Selling Zcash

It is usually not possible to purchase alternative cryptocurrencies such as Zcash directly using US dollars. Investors seeking to trade Zcash should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. 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