Zcash Price Down 14.3% Over Last Week (ZEC)

Zcash (ZEC) traded up 2.8% against the dollar during the 1 day period ending at 20:00 PM Eastern on September 7th. Zcash has a market capitalization of $453.34 million and approximately $49.27 million worth of Zcash was traded on exchanges in the last day. In the last week, Zcash has traded 14.3% lower against the dollar. One Zcash coin can currently be purchased for approximately $27.76 or 0.00051301 BTC on exchanges.

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

• Bitcoin Gold (BTG) traded down 0.2% against the dollar and now trades at $20.38 or 0.00037655 BTC.
• Horizen (ZEN) traded 2.4% higher against the dollar and now trades at $8.02 or 0.00014815 BTC.
• Pirate Chain (ARRR) traded down 2.1% against the dollar and now trades at $0.17 or 0.00000309 BTC.
• Komodo (KMD) traded up 1.4% against the dollar and now trades at $0.23 or 0.00000422 BTC.
• ZClassic (ZCL) traded 0.3% higher against the dollar and now trades at $0.0449 or 0.00000083 BTC.

About Zcash

ZEC is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. It launched 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. 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 message board 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 possible to purchase alternative cryptocurrencies such as Zcash directly using U.S. dollars. Investors seeking to trade Zcash should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Changelly. 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