Zcash (ZEC) Price Down 14.1% Over Last Week

Zcash (ZEC) traded 3.5% higher against the U.S. dollar during the 24-hour period ending at 14:00 PM Eastern on September 7th. Over the last week, Zcash has traded 14.1% lower against the U.S. dollar. One Zcash coin can currently be bought for about $27.89 or 0.00051413 BTC on popular exchanges. Zcash has a market cap of $455.32 million and approximately $49.37 million worth of Zcash was traded on exchanges in the last 24 hours.

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

• Bitcoin Gold (BTG) traded 0.8% higher against the dollar and now trades at $20.53 or 0.00037843 BTC.
• Horizen (ZEN) traded 3.9% higher against the dollar and now trades at $7.96 or 0.00014671 BTC.
• Pirate Chain (ARRR) traded down 0.2% against the dollar and now trades at $0.17 or 0.00000313 BTC.
• Komodo (KMD) traded up 1.7% against the dollar and now trades at $0.23 or 0.00000420 BTC.
• ZClassic (ZCL) traded up 1% against the dollar and now trades at $0.0450 or 0.00000083 BTC.

Zcash Coin Profile

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. The official website for Zcash is z.cash. The official message board for Zcash 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. 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.”

Zcash Coin Trading

It is usually not presently 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 Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Zcash using one of the exchanges listed above.

ZEC/USD price chart by TradingView