Zcash (ZEC) Trading 10.5% Lower This Week

Zcash (ZEC) traded down 9.8% against the U.S. dollar during the 24 hour period ending at 12:00 PM ET on June 8th. Zcash has a market cap of $392.90 million and $52.95 million worth of Zcash was traded on exchanges in the last 24 hours. Over the last week, Zcash has traded 10.5% lower against the U.S. dollar. One Zcash coin can now be purchased for $24.06 or 0.00034644 BTC on cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed over the last 24 hours:

  • Bitcoin Gold (BTG) traded down 6.2% against the dollar and now trades at $32.31 or 0.00046516 BTC.
  • Horizen (ZEN) traded 14.9% lower against the dollar and now trades at $8.08 or 0.00011635 BTC.
  • Komodo (KMD) traded down 8.2% against the dollar and now trades at $0.40 or 0.00000581 BTC.
  • Pirate Chain (ARRR) traded 1.2% higher against the dollar and now trades at $0.25 or 0.00000356 BTC.
  • Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
  • ZClassic (ZCL) traded up 6.5% against the dollar and now trades at $0.0762 or 0.00000110 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. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. The official website for Zcash is z.cash. The official message board for Zcash is forum.z.cash. 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.”

Zcash Coin Trading

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 GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Zcash using one of the aforementioned exchanges.

Receive News & Updates for Zcash Daily - Enter your email address below to receive a concise daily summary of the latest news and updates for Zcash and related cryptocurrencies with MarketBeat.com's FREE CryptoBeat newsletter.