Zcash (ZEC) Price Up 16.1% Over Last Week

Zcash (ZEC) traded 1.2% higher against the US dollar during the one day period ending at 23:00 PM ET on July 10th. Over the last week, Zcash has traded 16.1% higher against the US dollar. Zcash has a total market cap of $376.91 million and $56.69 million worth of Zcash was traded on exchanges in the last 24 hours. One Zcash coin can now be bought for $23.08 or 0.00040226 BTC on popular cryptocurrency exchanges.

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

  • Bitcoin Gold (BTG) traded 1.7% lower against the dollar and now trades at $22.98 or 0.00040045 BTC.
  • Horizen (ZEN) traded down 3.6% against the dollar and now trades at $10.70 or 0.00018643 BTC.
  • Komodo (KMD) traded down 0.5% against the dollar and now trades at $0.30 or 0.00000520 BTC.
  • Pirate Chain (ARRR) traded 1.7% lower against the dollar and now trades at $0.16 or 0.00000278 BTC.
  • ZClassic (ZCL) traded down 0.4% against the dollar and now trades at $0.0467 or 0.00000081 BTC.

Zcash Profile

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 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. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. Zcash’s official website 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 acquire Zcash should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Zcash using one of the aforementioned exchanges.

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