Zcash Trading Up 5.7% Over Last Week (ZEC)

Zcash (ZEC) traded down 5.2% against the US dollar during the one day period ending at 7:00 AM Eastern on April 2nd. One Zcash coin can currently be purchased for approximately $232.96 or 0.00351180 BTC on exchanges. Zcash has a market cap of $3.87 billion and $430.21 million worth of Zcash was traded on exchanges in the last 24 hours. During the last week, Zcash has traded 5.7% higher against the US dollar.

Here’s how other cryptocurrencies have performed during the last 24 hours:

• Horizen (ZEN) traded 5% lower against the dollar and now trades at $5.26 or 0.00007934 BTC.
• Pirate Chain (ARRR) traded 0% higher against the dollar and now trades at $0.18 or 0.00000274 BTC.
• Bitcoin Gold (BTG) traded 65.4% higher against the dollar and now trades at $1.42 or 0.00002140 BTC.
• ZClassic (ZCL) traded up 0.1% against the dollar and now trades at $0.22 or 0.00000331 BTC.
• Komodo (KMD) traded up 29.4% against the dollar and now trades at $0.0051 or 0.00000008 BTC.

Zcash Profile

Zcash (CRYPTO: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 16,608,584 coins and its circulating supply is 16,608,644 coins. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. The official website for Zcash is z.cash. Zcash’s official message board 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 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 currently 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 Gemini. 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