Zcash (ZEC) Price Up 16.1% Over Last Week

Zcash (ZEC) traded up 1.2% against the U.S. dollar during the 24 hour period ending at 23:00 PM E.T. on July 10th. In the last seven days, Zcash has traded 16.1% higher against the U.S. dollar. One Zcash coin can currently be purchased for about $23.08 or 0.00040226 BTC on cryptocurrency exchanges. Zcash has a market capitalization of $376.91 million and approximately $56.69 million worth of Zcash was traded on exchanges in the last day.

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

• Bitcoin Gold (BTG) traded 1.7% lower against the dollar and now trades at $22.98 or 0.00040045 BTC.
• Horizen (ZEN) traded 3.6% lower against the dollar and now trades at $10.70 or 0.00018643 BTC.
• Komodo (KMD) traded down 0.5% against the dollar and now trades at $0.30 or 0.00000520 BTC.
• Pirate Chain (ARRR) traded down 1.7% against the dollar and now trades at $0.16 or 0.00000278 BTC.
• ZClassic (ZCL) traded 0.4% lower against the dollar and now trades at $0.0467 or 0.00000081 BTC.

Zcash Coin Profile

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. Zcash’s official website is 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 message board for Zcash 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.”

Zcash Coin Trading

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

ZEC/USD price chart by TradingView