Zcash (ZEC) Trading 7.1% Higher Over Last Week

Zcash (ZEC) traded down 4.4% against the U.S. dollar during the twenty-four hour period ending at 8:00 AM E.T. on June 21st. During the last week, Zcash has traded 7.1% higher against the U.S. dollar. Zcash has a total market capitalization of $7.55 billion and approximately $380.70 million worth of Zcash was traded on exchanges in the last 24 hours. One Zcash coin can now be bought for about $451.70 or 0.00705697 BTC on exchanges.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Horizen (ZEN) traded 0.1% lower against the dollar and now trades at $4.64 or 0.00007252 BTC.
• Pirate Chain (ARRR) traded down 8.2% against the dollar and now trades at $0.30 or 0.00000465 BTC.
• Komodo (KMD) traded up 291.5% against the dollar and now trades at $0.10 or 0.00000157 BTC.
• Bitcoin Gold (BTG) traded up 37.8% against the dollar and now trades at $0.30 or 0.00000461 BTC.
• ZClassic (ZCL) traded down 0.8% against the dollar and now trades at $0.17 or 0.00000266 BTC.

Zcash Profile

Zcash (CRYPTO:ZEC) is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. Its genesis date was October 28th, 2016. Zcash’s total supply is 16,707,875 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 (ZEC) is the native coin of the Zcash blockchain, a proof-of-work network (Equihash) with a capped supply of 21 million ZEC. It supports transparent transactions, where amounts are visible on-chain, and shielded transactions that use zero-knowledge proofs (zk-SNARKs) to validate payments without publishing the sender, recipient and amount. Zcash’s privacy features include shielded pools (Sprout legacy, Sapling and Orchard), Unified Addresses that bundle multiple receiver types and selective disclosure tools such as viewing keys and payment disclosures. ZEC is used to transfer value and pay transaction fees. New ZEC is issued through the block subsidy; since the 2024 halving, a portion of block rewards has been allocated to development funding streams defined by network upgrades and ZIPs, including Zcash Community Grants and a lockbox seeded coinholder-controlled fund.”

Zcash Coin Trading

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

ZEC/USD price chart by TradingView