Zcash Trading Up 11.7% Over Last Week (ZEC)

Zcash (ZEC) traded 5% higher against the US dollar during the twenty-four hour period ending at 23:00 PM E.T. on July 31st. Zcash has a market capitalization of $543.66 million and approximately $82.76 million worth of Zcash was traded on exchanges in the last 24 hours. One Zcash coin can currently be bought for $33.30 or 0.00052066 BTC on popular cryptocurrency exchanges. In the last seven days, Zcash has traded up 11.7% against the US dollar.

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

• Bitcoin Gold (BTG) traded 1.6% lower against the dollar and now trades at $26.10 or 0.00040812 BTC.
• Horizen (ZEN) traded 3.1% higher against the dollar and now trades at $9.90 or 0.00015474 BTC.
• Komodo (KMD) traded 4.3% lower against the dollar and now trades at $0.26 or 0.00000412 BTC.
• Pirate Chain (ARRR) traded 2.1% higher against the dollar and now trades at $0.18 or 0.00000283 BTC.
• ZClassic (ZCL) traded down 2.7% against the dollar and now trades at $0.0522 or 0.00000082 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. Zcash’s official message board 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. The official website for Zcash is z.cash. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here.

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

ZEC/USD price chart by TradingView