Zcash (ZEC) Price Down 22.2% Over Last 7 Days

Zcash (ZEC) traded down 0.4% against the US dollar during the 24-hour period ending at 14:00 PM E.T. on April 17th. Zcash has a total market cap of $343.03 million and $52.23 million worth of Zcash was traded on exchanges in the last day. Over the last week, Zcash has traded down 22.2% against the US dollar. One Zcash coin can currently be bought for about $21.01 or 0.00034029 BTC on popular exchanges.

Here is how other cryptocurrencies have performed over the last day:

• Bitcoin Gold (BTG) traded 2.6% lower against the dollar and now trades at $35.40 or 0.00057337 BTC.
• Horizen (ZEN) traded 0.2% lower against the dollar and now trades at $8.46 or 0.00013704 BTC.
• Pirate Chain (ARRR) traded 0.1% lower against the dollar and now trades at $0.30 or 0.00000490 BTC.
• Komodo (KMD) traded 6.3% lower against the dollar and now trades at $0.39 or 0.00000625 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded 0.7% lower against the dollar and now trades at $0.0594 or 0.00000096 BTC.

Zcash Coin Profile

Zcash (ZEC) 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. 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. 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 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 GDAX, Gemini or Coinbase. 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