Zcash (ZEC) Price Up 1% This Week

Zcash (ZEC) traded 12.1% higher against the US dollar during the 24-hour period ending at 11:00 AM E.T. on October 28th. During the last week, Zcash has traded 1% higher against the US dollar. One Zcash coin can now be bought for about $37.66 or 0.00054890 BTC on cryptocurrency exchanges. Zcash has a total market cap of $614.87 million and $86.78 million worth of Zcash was traded on exchanges in the last day.

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

• Bitcoin Gold (BTG) traded up 3.9% against the dollar and now trades at $22.67 or 0.00033051 BTC.
• Horizen (ZEN) traded up 0.4% against the dollar and now trades at $7.44 or 0.00010849 BTC.
• Pirate Chain (ARRR) traded 1.9% lower against the dollar and now trades at $0.18 or 0.00000259 BTC.
• Komodo (KMD) traded up 2.2% against the dollar and now trades at $0.24 or 0.00000347 BTC.
• ZClassic (ZCL) traded 15.3% lower against the dollar and now trades at $0.0487 or 0.00000071 BTC.

About Zcash

Zcash is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. It was first traded on 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. 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.

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 trade Zcash should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. 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