Zcash (ZEC) Trading Up 9.8% Over Last Week

Zcash (ZEC) traded 10.4% higher against the dollar during the twenty-four hour period ending at 18:00 PM E.T. on November 6th. One Zcash coin can currently be bought for about $42.22 or 0.00055783 BTC on exchanges. In the last seven days, Zcash has traded up 9.8% against the dollar. Zcash has a market capitalization of $689.33 million and approximately $107.23 million worth of Zcash was traded on exchanges in the last day.

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

• Bitcoin Gold (BTG) traded 5.3% higher against the dollar and now trades at $23.02 or 0.00030420 BTC.
• Horizen (ZEN) traded up 9.4% against the dollar and now trades at $7.85 or 0.00010370 BTC.
• Pirate Chain (ARRR) traded up 0.8% against the dollar and now trades at $0.17 or 0.00000228 BTC.
• Komodo (KMD) traded 10.3% higher against the dollar and now trades at $0.24 or 0.00000311 BTC.
• ZClassic (ZCL) traded up 8.7% against the dollar and now trades at $0.0454 or 0.00000060 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 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 message board for Zcash is forum.z.cash. Zcash’s official website is 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 presently possible to purchase alternative cryptocurrencies such as Zcash directly using U.S. dollars. Investors seeking to acquire Zcash should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. 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