Zcash (ZEC) Price Down 10.2% Over Last Week

Zcash (ZEC) traded up 6.4% against the US dollar during the 1-day period ending at 13:00 PM ET on November 13th. In the last week, Zcash has traded down 10.2% against the US dollar. One Zcash coin can currently be bought for $484.31 or 0.00483364 BTC on major exchanges. Zcash has a market capitalization of $7.90 billion and approximately $1.73 billion worth of Zcash was traded on exchanges in the last day.

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

• Horizen (ZEN) traded up 2.3% against the dollar and now trades at $12.41 or 0.00012391 BTC.
• Pirate Chain (ARRR) traded 7.3% lower against the dollar and now trades at $0.63 or 0.00000628 BTC.
• Bitcoin Gold (BTG) traded 58.4% higher against the dollar and now trades at $1.38 or 0.00001373 BTC.
• ZClassic (ZCL) traded down 11.2% against the dollar and now trades at $0.80 or 0.00000800 BTC.
• Komodo (KMD) traded 0.4% higher against the dollar and now trades at $0.0476 or 0.00000047 BTC.

About Zcash

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 16,309,602 coins. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. The official website for Zcash is z.cash. The official message board for Zcash is forum.z.cash. The Reddit community for Zcash is https://reddit.com/r/zec and the currency’s Github account can be viewed 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.”

Zcash Coin Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as Zcash directly using US dollars. Investors seeking to acquire Zcash should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Zcash using one of the exchanges listed above.

ZEC/USD price chart by TradingView