Zcash Trading Up 62.4% Over Last 7 Days (ZEC)

Zcash (ZEC) traded up 26.1% against the US dollar during the 1-day period ending at 11:00 AM ET on November 9th. Zcash has a total market cap of $10.37 billion and approximately $2.96 billion worth of Zcash was traded on exchanges in the last day. One Zcash coin can currently be purchased for about $636.23 or 0.00614045 BTC on major cryptocurrency exchanges. In the last seven days, Zcash has traded 62.4% higher against the US dollar.

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

• Horizen (ZEN) traded up 18.6% against the dollar and now trades at $16.71 or 0.00016124 BTC.
• Pirate Chain (ARRR) traded 26.3% higher against the dollar and now trades at $0.64 or 0.00000616 BTC.
• Bitcoin Gold (BTG) traded down 8.2% against the dollar and now trades at $0.85 or 0.00000825 BTC.
• ZClassic (ZCL) traded up 73.8% against the dollar and now trades at $0.93 or 0.00000898 BTC.
• Komodo (KMD) traded 0.8% lower against the dollar and now trades at $0.0464 or 0.00000045 BTC.

Zcash Profile

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 16,297,086 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. The official website for Zcash is z.cash. Zcash’s official message board is forum.z.cash.

According to CryptoCompare, “ZCash is a privacy driven cryptocurrency. It uses the Equihash as an algorithm, which is an asymmetric memory-hard Proof of Work algorithm based on the generalized birthday problem. It relies on high RAM requirements to bottleneck the generation of proofs and making ASIC development unfeasible. ZCash uses zero-knowledge Succinct Non-interactive Arguments of Knowledge (zk-SNARKs) to ensure that all information (sender, receiver, amount) is encrypted, without the possibility of double-spending. The only information that is revealed regarding transactions is the time in which they take place.Blockchain data provided by: Blockchair (Main Source), Zchain Explorer (Backup)Telegram”

Zcash Coin Trading

It is usually not presently possible to buy alternative cryptocurrencies such as Zcash directly using U.S. dollars. Investors seeking to trade Zcash should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Zcash using one of the exchanges listed above.

ZEC/USD price chart by TradingView