Zcash Price Down 1.1% Over Last 7 Days (ZEC)

Zcash (ZEC) traded 6.6% lower against the US dollar during the one day period ending at 10:00 AM ET on February 18th. In the last seven days, Zcash has traded down 1.1% against the US dollar. Zcash has a total market capitalization of $544.63 million and approximately $70.73 million worth of Zcash was traded on exchanges in the last 24 hours. One Zcash coin can currently be bought for approximately $33.35 or 0.00034963 BTC on exchanges.

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

• Horizen (ZEN) traded 7.2% lower against the dollar and now trades at $13.23 or 0.00013869 BTC.
• Bitcoin Gold (BTG) traded down 7.3% against the dollar and now trades at $4.68 or 0.00004905 BTC.
• Pirate Chain (ARRR) traded up 1.3% against the dollar and now trades at $0.19 or 0.00000194 BTC.
• Komodo (KMD) traded 4.1% lower against the dollar and now trades at $0.20 or 0.00000208 BTC.
• ZClassic (ZCL) traded down 0.4% against the dollar and now trades at $0.0601 or 0.00000063 BTC.

Zcash Profile

ZEC is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. Its launch date was October 28th, 2016. Zcash’s total supply is 16,328,269 coins. The Reddit community for Zcash is https://reddit.com/r/zec and the currency’s Github account can be viewed here. The official message board for Zcash 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.

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.”

Buying and Selling Zcash

It is usually not possible to buy alternative cryptocurrencies such as Zcash directly using US dollars. Investors seeking to trade Zcash should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. 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