Zcash (ZEC) Trading 24.3% Lower Over Last 7 Days

Zcash (ZEC) traded down 0.5% against the US dollar during the 24-hour period ending at 16:00 PM Eastern on April 16th. One Zcash coin can currently be purchased for approximately $21.18 or 0.00033671 BTC on cryptocurrency exchanges. Over the last seven days, Zcash has traded down 24.3% against the US dollar. Zcash has a market capitalization of $345.81 million and approximately $50.52 million worth of Zcash was traded on exchanges in the last day.

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

• Bitcoin Gold (BTG) traded 0.4% lower against the dollar and now trades at $36.83 or 0.00058562 BTC.
• Horizen (ZEN) traded 0.2% lower against the dollar and now trades at $8.46 or 0.00013445 BTC.
• Pirate Chain (ARRR) traded 0% lower against the dollar and now trades at $0.31 or 0.00000500 BTC.
• Komodo (KMD) traded up 9.2% against the dollar and now trades at $0.42 or 0.00000664 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded 2.8% lower against the dollar and now trades at $0.0589 or 0.00000094 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 message board is forum.z.cash. 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. 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 presently possible to purchase alternative cryptocurrencies such as Zcash directly using U.S. dollars. Investors seeking to acquire Zcash should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Zcash using one of the aforementioned exchanges.

ZEC/USD price chart by TradingView