Zcash (ZEC) Trading Down 1.9% Over Last Week

Zcash (ZEC) traded down 3.7% against the dollar during the one day period ending at 10:00 AM ET on April 3rd. Zcash has a market cap of $604.68 million and approximately $72.15 million worth of Zcash was traded on exchanges in the last 24 hours. One Zcash coin can currently be purchased for approximately $38.06 or 0.00046517 BTC on major exchanges. Over the last seven days, Zcash has traded 1.9% lower against the dollar.

Here is how related cryptocurrencies have performed over the last 24 hours:

• Horizen (ZEN) traded down 7.8% against the dollar and now trades at $7.89 or 0.00009640 BTC.
• Pirate Chain (ARRR) traded 6% lower against the dollar and now trades at $0.12 or 0.00000143 BTC.
• Komodo (KMD) traded down 10.8% against the dollar and now trades at $0.13 or 0.00000156 BTC.
• Bitcoin Gold (BTG) traded up 18.4% against the dollar and now trades at $0.54 or 0.00000661 BTC.
• ZClassic (ZCL) traded 4.1% lower against the dollar and now trades at $0.0706 or 0.00000086 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 15,905,531 coins and its circulating supply is 15,886,821 coins. 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. The official message board for Zcash is forum.z.cash.

According to CryptoCompare, “ZCash is a privacy driven cryptocurrency. It uses the Equihash as an algorithm, which is an asymmetric memory-hard Proof of Work algorithm based on the generalized birthday problem. It relies on high RAM requirements to bottleneck the generation of proofs and making ASIC development unfeasible. ZCash uses zero-knowledge Succinct Non-interactive Arguments of Knowledge (zk-SNARKs) to ensure that all information (sender, receiver, amount) is encrypted, without the possibility of double-spending. The only information that is revealed regarding transactions is the time in which they take place.Blockchain data provided by: Blockchair (Main Source), Zchain Explorer (Backup)Telegram”

Buying and Selling Zcash

It is usually not possible to buy alternative cryptocurrencies such as Zcash directly using U.S. dollars. Investors seeking to acquire Zcash should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Zcash using one of the exchanges listed above.

ZEC/USD price chart by TradingView