Zcash (ZEC) Trading 4.3% Higher This Week
Zcash (CURRENCY:ZEC) traded 5.8% higher against the U.S. dollar during the 24-hour period ending at 22:00 PM ET on March 4th. In the last seven days, Zcash has traded up 4.3% against the U.S. dollar. One Zcash coin can now be bought for approximately $409.37 or 0.03554440 BTC on major cryptocurrency exchanges including Bittrex, Bit-Z, LocalTrade and Mercatox. Zcash has a market cap of $1.40 billion and approximately $67.58 million worth of Zcash was traded on exchanges in the last day.
Here is how similar cryptocurrencies have performed in the last day:
- Bitcoin Gold (BTG) traded up 2.2% against the dollar and now trades at $112.66 or 0.00978145 BTC.
- Komodo (KMD) traded up 3.7% against the dollar and now trades at $4.51 or 0.00039128 BTC.
- ZenCash (ZEN) traded 1.6% higher against the dollar and now trades at $39.21 or 0.00340468 BTC.
- ZClassic (ZCL) traded 18.6% lower against the dollar and now trades at $9.07 or 0.00078732 BTC.
- Hush (HUSH) traded down 0.2% against the dollar and now trades at $2.14 or 0.00018586 BTC.
- Zero (ZER) traded 1.3% higher against the dollar and now trades at $1.89 or 0.00016381 BTC.
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, reciever, ammount) is encrypted, without the possibility of double-spending. The only information that is revealed regarding transactions is the time in which they take place. Block explorer data from https://explorer.zcha.in/ “
Buying and Selling Zcash
Zcash can be purchased on these cryptocurrency exchanges: Upbit, Tux Exchange, The Rock Trading, Coinroom, BTC-Alpha, Huobi, HitBTC, WEX, BigONE, CoinExchange, Bittrex, Exrates, Poloniex, Bitlish, Cryptopia, YoBit, BX Thailand, Gate.io, Kraken, Bitfinex, Binance, LocalTrade, LiteBit.eu, OKEx, Waves Decentralized Exchange, Altcoin Trader, BCEX, Exmo, Bithumb, Mercatox, GOPAX, CoinEx, Qryptos, CEX.IO, Allcoin, Bit-Z, Abucoins, Cryptomate, Lbank, Coinrail, Trade Satoshi and C-CEX. It is not presently possible to buy Zcash directly using US dollars. Investors seeking to acquire Zcash must first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Zcash using one of the exchanges listed above.
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