Zcash Trading 4.3% Lower This Week (ZEC)

Zcash (ZEC) traded 2.2% lower against the dollar during the 1 day period ending at 11:00 AM E.T. on September 28th. One Zcash coin can currently be bought for $30.10 or 0.00045842 BTC on major exchanges. Zcash has a total market cap of $491.45 million and $63.18 million worth of Zcash was traded on exchanges in the last day. During the last week, Zcash has traded 4.3% lower against the dollar.

Here is how related cryptocurrencies have performed during the last day:

• Bitcoin Gold (BTG) traded 3.2% lower against the dollar and now trades at $24.75 or 0.00037697 BTC.
• Horizen (ZEN) traded 2.5% lower against the dollar and now trades at $8.55 or 0.00013023 BTC.
• Komodo (KMD) traded 0% lower against the dollar and now trades at $0.27 or 0.00000410 BTC.
• Pirate Chain (ARRR) traded down 0.6% against the dollar and now trades at $0.18 or 0.00000280 BTC.
• ZClassic (ZCL) traded down 0.6% against the dollar and now trades at $0.0521 or 0.00000079 BTC.

About Zcash

Zcash 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. The official website for Zcash is z.cash. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. 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.

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

ZEC/USD price chart by TradingView