Zcash Trading 22.9% Lower Over Last Week (ZEC)

Zcash (ZEC) traded 2.7% lower against the US dollar during the 1 day period ending at 21:00 PM ET on April 17th. In the last week, Zcash has traded down 22.9% against the US dollar. One Zcash coin can currently be bought for $20.92 or 0.00034086 BTC on popular exchanges. Zcash has a market capitalization of $341.58 million and $51.80 million worth of Zcash was traded on exchanges in the last day.

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

• Bitcoin Gold (BTG) traded down 6.9% against the dollar and now trades at $34.33 or 0.00055943 BTC.
• Horizen (ZEN) traded down 1.5% against the dollar and now trades at $8.37 or 0.00013640 BTC.
• Pirate Chain (ARRR) traded up 3.7% against the dollar and now trades at $0.34 or 0.00000561 BTC.
• Komodo (KMD) traded down 5.6% against the dollar and now trades at $0.38 or 0.00000627 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded down 6.6% against the dollar and now trades at $0.0568 or 0.00000092 BTC.

About Zcash

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. Zcash’s official website 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. The official message board for Zcash 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 possible to purchase alternative cryptocurrencies such as Zcash directly using U.S. dollars. Investors seeking to acquire Zcash should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Zcash using one of the exchanges listed above.

ZEC/USD price chart by TradingView