Zcash Price Down 4.5% This Week (ZEC)

Zcash (ZEC) traded up 2.7% against the dollar during the 24 hour period ending at 7:00 AM Eastern on March 9th. Over the last seven days, Zcash has traded down 4.5% against the dollar. One Zcash coin can currently be bought for approximately $203.58 or 0.00301650 BTC on major exchanges. Zcash has a total market cap of $3.37 billion and $256.02 million worth of Zcash was traded on exchanges in the last day.

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

• Horizen (ZEN) traded 0.8% lower against the dollar and now trades at $5.28 or 0.00007823 BTC.
• Pirate Chain (ARRR) traded down 3.8% against the dollar and now trades at $0.24 or 0.00000349 BTC.
• Bitcoin Gold (BTG) traded down 14.9% against the dollar and now trades at $0.88 or 0.00001310 BTC.
• ZClassic (ZCL) traded 31.4% lower against the dollar and now trades at $0.27 or 0.00000404 BTC.
• Komodo (KMD) traded up 0.5% against the dollar and now trades at $0.0183 or 0.00000027 BTC.

Zcash Coin Profile

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 16,570,685 coins and its circulating supply is 16,570,814 coins. The official website for Zcash 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. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here.

According to CryptoCompare, “ZCash is a privacy driven cryptocurrency. It uses the Equihash as an algorithm, which is an asymmetric memory-hard Proof of Work algorithm based on the generalized birthday problem. It relies on high RAM requirements to bottleneck the generation of proofs and making ASIC development unfeasible. ZCash uses zero-knowledge Succinct Non-interactive Arguments of Knowledge (zk-SNARKs) to ensure that all information (sender, receiver, amount) is encrypted, without the possibility of double-spending. The only information that is revealed regarding transactions is the time in which they take place. Blockchain data provided by: Blockchair (Main Source), Zchain Explorer (Backup)Telegram”

Zcash Coin Trading

It is usually not currently 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 Changelly, 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