Zcash (ZEC) Trading Down 3.1% Over Last Week

Zcash (ZEC) traded 2.4% lower against the US dollar during the 1 day period ending at 0:00 AM E.T. on August 21st. In the last seven days, Zcash has traded 3.1% lower against the US dollar. One Zcash coin can now be purchased for $41.26 or 0.00068039 BTC on major exchanges. Zcash has a market capitalization of $673.78 million and $75.51 million worth of Zcash was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Bitcoin Gold (BTG) traded up 0.5% against the dollar and now trades at $22.81 or 0.00037604 BTC.
• Horizen (ZEN) traded up 2.5% against the dollar and now trades at $7.85 or 0.00012936 BTC.
• Komodo (KMD) traded up 2.8% against the dollar and now trades at $0.26 or 0.00000435 BTC.
• Pirate Chain (ARRR) traded up 5.4% against the dollar and now trades at $0.17 or 0.00000275 BTC.
• ZClassic (ZCL) traded 4.4% higher against the dollar and now trades at $0.0667 or 0.00000110 BTC.

About Zcash

Zcash (CRYPTO: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 16,328,269 coins. Zcash’s official message board is forum.z.cash. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. 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.

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 presently possible to purchase alternative cryptocurrencies such as Zcash directly using U.S. dollars. Investors seeking to acquire Zcash should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Zcash using one of the aforementioned exchanges.

ZEC/USD price chart by TradingView