Zcash Trading Down 15% Over Last 7 Days (ZEC)

Zcash (ZEC) traded up 2.8% against the U.S. dollar during the 24-hour period ending at 8:00 AM E.T. on September 7th. Zcash has a total market capitalization of $456.58 million and $54.03 million worth of Zcash was traded on exchanges in the last day. Over the last seven days, Zcash has traded down 15% against the U.S. dollar. One Zcash coin can currently be bought for approximately $27.96 or 0.00051330 BTC on major exchanges.

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

• Bitcoin Gold (BTG) traded 3.3% lower against the dollar and now trades at $20.50 or 0.00037640 BTC.
• Horizen (ZEN) traded up 2.8% against the dollar and now trades at $8.00 or 0.00014683 BTC.
• Pirate Chain (ARRR) traded down 4.8% against the dollar and now trades at $0.17 or 0.00000311 BTC.
• Komodo (KMD) traded down 1.7% against the dollar and now trades at $0.23 or 0.00000421 BTC.
• ZClassic (ZCL) traded 5.7% lower against the dollar and now trades at $0.0441 or 0.00000081 BTC.

Zcash Profile

Zcash (ZEC) 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. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. The official website for Zcash is 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 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.”

Buying and Selling Zcash

It is usually not currently possible to buy alternative cryptocurrencies such as Zcash directly using US dollars. Investors seeking to trade 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