Zcash Trading Up 22% Over Last Week (ZEC)

Zcash (ZEC) traded down 1.3% against the U.S. dollar during the 24 hour period ending at 7:00 AM ET on February 17th. One Zcash coin can now be bought for $291.93 or 0.00429016 BTC on major exchanges. Over the last seven days, Zcash has traded up 22% against the U.S. dollar. Zcash has a market capitalization of $4.83 billion and approximately $368.30 million worth of Zcash was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed over the last 24 hours:

• Horizen (ZEN) traded up 0.7% against the dollar and now trades at $6.21 or 0.00009125 BTC.
• Pirate Chain (ARRR) traded 9.5% higher against the dollar and now trades at $0.27 or 0.00000392 BTC.
• Bitcoin Gold (BTG) traded 69.9% higher against the dollar and now trades at $1.04 or 0.00001525 BTC.
• Komodo (KMD) traded down 0.1% against the dollar and now trades at $0.0234 or 0.00000034 BTC.
• ZClassic (ZCL) traded 30.5% higher against the dollar and now trades at $0.27 or 0.00000400 BTC.

Zcash Coin Profile

ZEC is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. Its genesis date was October 28th, 2016. Zcash’s total supply is 16,539,339 coins and its circulating supply is 16,539,314 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 the native coin of the Zcash blockchain, a proof-of-work network (Equihash) with a capped supply of 21 million ZEC. It supports transparent transactions, where amounts are visible on-chain, and shielded transactions that use zero-knowledge proofs (zk-SNARKs) to validate payments without publishing the sender, recipient and amount. Zcash’s privacy features include shielded pools (Sprout legacy, Sapling and Orchard), Unified Addresses that bundle multiple receiver types and selective disclosure tools such as viewing keys and payment disclosures. ZEC is used to transfer value and pay transaction fees. New ZEC is issued through the block subsidy; since the 2024 halving, a portion of block rewards has been allocated to development funding streams defined by network upgrades and ZIPs, including Zcash Community Grants and a lockbox seeded coinholder-controlled fund.”

Zcash Coin Trading

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

ZEC/USD price chart by TradingView