Zcash Price Up 27.2% Over Last 7 Days (ZEC)

Zcash (ZEC) traded 2.4% lower against the dollar during the one day period ending at 7:00 AM E.T. on December 31st. One Zcash coin can now be bought for $524.54 or 0.00590380 BTC on cryptocurrency exchanges. During the last week, Zcash has traded 27.2% higher against the dollar. Zcash has a total market capitalization of $8.64 billion and $707.66 million worth of Zcash was traded on exchanges in the last day.

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

• Horizen (ZEN) traded 0.5% lower against the dollar and now trades at $9.12 or 0.00010260 BTC.
• Pirate Chain (ARRR) traded up 2.1% against the dollar and now trades at $0.27 or 0.00000301 BTC.
• Bitcoin Gold (BTG) traded down 47.4% against the dollar and now trades at $0.58 or 0.00000653 BTC.
• Komodo (KMD) traded down 5.9% against the dollar and now trades at $0.0374 or 0.00000042 BTC.
• ZClassic (ZCL) traded down 0.1% against the dollar and now trades at $0.33 or 0.00000371 BTC.

About Zcash

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 16,463,641 coins. The Reddit community for Zcash is https://reddit.com/r/zec and the currency’s Github account can be viewed here. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. The official website for Zcash is z.cash. Zcash’s official message board is forum.z.cash.

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 presently possible to buy alternative cryptocurrencies such as Zcash directly using U.S. dollars. Investors seeking to trade Zcash should first buy Bitcoin or Ethereum using an exchange that deals in U.S. 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