Zcash Price Down 11.4% Over Last 7 Days (ZEC)

Zcash (ZEC) traded down 1.4% against the US dollar during the 24-hour period ending at 13:00 PM ET on April 3rd. One Zcash coin can currently be bought for approximately $27.32 or 0.00041429 BTC on major cryptocurrency exchanges. Zcash has a market capitalization of $446.02 million and $63.57 million worth of Zcash was traded on exchanges in the last 24 hours. During the last seven days, Zcash has traded down 11.4% against the US dollar.

Here is how similar cryptocurrencies have performed during the last 24 hours:

  • Bitcoin Gold (BTG) traded 1.3% lower against the dollar and now trades at $45.45 or 0.00068936 BTC.
  • Horizen (ZEN) traded down 1.3% against the dollar and now trades at $12.71 or 0.00019283 BTC.
  • Komodo (KMD) traded 3.5% lower against the dollar and now trades at $0.45 or 0.00000686 BTC.
  • Pirate Chain (ARRR) traded up 0.4% against the dollar and now trades at $0.17 or 0.00000252 BTC.
  • Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
  • ZClassic (ZCL) traded up 2.3% against the dollar and now trades at $0.0630 or 0.00000096 BTC.

Zcash Profile

Zcash (CRYPTO: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 16,328,269 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. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. The official message board for Zcash is forum.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.”

Buying and Selling Zcash

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

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