Zcash Price Up 27.2% Over Last 7 Days (ZEC)

Zcash (ZEC) traded down 2.4% against the US dollar during the 1 day period ending at 7:00 AM E.T. on December 31st. One Zcash coin can currently be purchased for approximately $524.54 or 0.00590380 BTC on popular cryptocurrency exchanges. Zcash has a market capitalization of $8.64 billion and $707.66 million worth of Zcash was traded on exchanges in the last day. During the last seven days, Zcash has traded 27.2% higher against the US dollar.

Here’s how similar cryptocurrencies have performed during the last day:

• Horizen (ZEN) traded 0.5% lower against the dollar and now trades at $9.12 or 0.00010260 BTC.
• Pirate Chain (ARRR) traded 2.1% higher against the dollar and now trades at $0.27 or 0.00000301 BTC.
• Bitcoin Gold (BTG) traded down 47.4% against the dollar and now trades at $0.58 or 0.00000653 BTC.
• Komodo (KMD) traded 5.9% lower against the dollar and now trades at $0.0374 or 0.00000042 BTC.
• ZClassic (ZCL) traded down 0.1% against the dollar and now trades at $0.33 or 0.00000371 BTC.

Zcash Profile

Zcash 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 16,463,641 coins. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. Zcash’s official website 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 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”

Buying and Selling Zcash

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

ZEC/USD price chart by TradingView