Zcash (ZEC) Price Up 1.9% Over Last 7 Days

Zcash (ZEC) traded down 1.3% against the dollar during the 24 hour period ending at 12:00 PM Eastern on May 10th. One Zcash coin can now be bought for approximately $23.38 or 0.00038335 BTC on major cryptocurrency exchanges. Zcash has a total market cap of $381.78 million and approximately $47.99 million worth of Zcash was traded on exchanges in the last day. In the last seven days, Zcash has traded up 1.9% against the dollar.

Here is how related cryptocurrencies have performed in the last day:

• Bitcoin Gold (BTG) traded down 0.6% against the dollar and now trades at $33.54 or 0.00054982 BTC.
• Horizen (ZEN) traded 4.8% lower against the dollar and now trades at $8.65 or 0.00014177 BTC.
• Pirate Chain (ARRR) traded up 1.8% against the dollar and now trades at $0.35 or 0.00000577 BTC.
• Komodo (KMD) traded 5.7% lower against the dollar and now trades at $0.40 or 0.00000649 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded up 4% against the dollar and now trades at $0.0561 or 0.00000092 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. The official message board for Zcash is forum.z.cash. The official website for Zcash is z.cash. 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.

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 Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Zcash using one of the aforementioned exchanges.

ZEC/USD price chart by TradingView