Zcash Trading 36.2% Higher This Week (ZEC)

Zcash (CURRENCY:ZEC) traded 3.1% lower against the U.S. dollar during the 1-day period ending at 10:00 AM Eastern on February 13th. Zcash has a market capitalization of $1.47 billion and approximately $74.47 million worth of Zcash was traded on exchanges in the last day. During the last seven days, Zcash has traded up 36.2% against the U.S. dollar. One Zcash coin can currently be purchased for approximately $449.77 or 0.05250220 BTC on major exchanges including BX Thailand, CoinEx, Abucoins and Exrates.

Here is how similar cryptocurrencies have performed during the last day:

  • Bitcoin Gold (BTG) traded down 9.9% against the dollar and now trades at $118.62 or 0.01384700 BTC.
  • ZClassic (ZCL) traded 26.8% higher against the dollar and now trades at $130.84 or 0.01527290 BTC.
  • Komodo (KMD) traded 3.2% lower against the dollar and now trades at $4.04 or 0.00047149 BTC.
  • ZenCash (ZEN) traded 0.2% lower against the dollar and now trades at $36.26 or 0.00423296 BTC.
  • Hush (HUSH) traded up 1.5% against the dollar and now trades at $2.28 or 0.00026644 BTC.
  • Zero (ZER) traded down 0.2% against the dollar and now trades at $1.54 or 0.00018000 BTC.

About Zcash

Zcash (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 3,270,356 coins. The official message board for Zcash is forum.z.cash. Zcash’s official Twitter account is @zcashco and its Facebook page is accessible here. Zcash’s official website is 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, reciever, ammount) is encrypted, without the possibility of double-spending. The only information that is revealed regarding transactions is the time in which they take place. Block explorer data from https://explorer.zcha.in/ “

Buying and Selling Zcash

Zcash can be traded on these cryptocurrency exchanges: OKEx, Altcoin Trader, Bithumb, YoBit, Mercatox, Trade Satoshi, BigONE, Waves Decentralized Exchange, Binance, BTC-Alpha, Qryptos, Exmo, Bittrex, C-CEX, Bit-Z, Cryptopia, Kraken, CoinExchange, Coinroom, WEX, CoinEx, Huobi, LocalTrade, Abucoins, Bitlish, BCEX, Coinrail, CEX.IO, BX Thailand, GOPAX, Allcoin, Bitfinex, Tux Exchange, Cryptomate, Exrates, The Rock Trading, Poloniex, Gate.io, LiteBit.eu, HitBTC, Lbank and Upbit. It is not presently possible to buy Zcash directly using US dollars. Investors seeking to trade Zcash must first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Zcash using one of the exchanges listed above.

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