ZenCash Price Tops $40.15 (ZEN)

ZenCash (CURRENCY:ZEN) traded 4.8% lower against the US dollar during the one day period ending at 21:00 PM Eastern on January 21st. In the last week, ZenCash has traded down 24.2% against the US dollar. One ZenCash coin can now be purchased for about $40.15 or 0.00344388 BTC on exchanges including COSS, Trade Satoshi, Cryptopia and Bittrex. ZenCash has a total market capitalization of $122.40 million and approximately $1.15 million worth of ZenCash was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed in the last day:

  • Bitcoin Gold (BTG) traded down 5.5% against the dollar and now trades at $210.98 or 0.01820000 BTC.
  • Zcash (ZEC) traded down 9.8% against the dollar and now trades at $491.20 or 0.04237260 BTC.
  • Komodo (KMD) traded 16.2% lower against the dollar and now trades at $6.64 or 0.00057241 BTC.
  • ZClassic (ZCL) traded 24.8% lower against the dollar and now trades at $120.11 or 0.01036140 BTC.
  • Hush (HUSH) traded down 10.2% against the dollar and now trades at $8.73 or 0.00075339 BTC.
  • Zero (ZER) traded down 20.5% against the dollar and now trades at $3.48 or 0.00030053 BTC.

About ZenCash

ZenCash is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. It launched on March 9th, 2017. ZenCash’s total supply is 3,048,788 coins. ZenCash’s official Twitter account is @zencashofficial and its Facebook page is accessible here. The official message board for ZenCash is forum.zensystem.io. ZenCash’s official website is zensystem.io. The Reddit community for ZenCash is /r/ZenSys and the currency’s Github account can be viewed here.

According to CryptoCompare, “ZenCash aims to be a┬ásecure and useful privacy coin, offering users zero-knowledge proof shielded transactions over an end-to-end encrypted network provided by compensated secure nodes. The project launched as a fork of Zcash technology using zk-SNARKs, but is building out in a direction focusing on usability, grassroots community involvement, and a self-funding treasury model that compensates stakeholders for continued network improvements and growth. “

Buying and Selling ZenCash

ZenCash can be purchased on the following cryptocurrency exchanges: Trade Satoshi, COSS, Cryptopia and Bittrex. It is not possible to buy ZenCash directly using US dollars. Investors seeking to trade ZenCash must first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy ZenCash using one of the exchanges listed above.

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