Zcash (CURRENCY:ZEC) traded 3.5% lower against the U.S. dollar during the 1-day period ending at 21:00 PM E.T. on March 12th. One Zcash coin can currently be purchased for $299.86 or 0.03251840 BTC on popular cryptocurrency exchanges including BCEX, HitBTC, YoBit and Lbank. Zcash has a market cap of $1.04 billion and $53.78 million worth of Zcash was traded on exchanges in the last day. Over the last week, Zcash has traded 23.2% lower against the U.S. dollar.
Here’s how related cryptocurrencies have performed over the last day:
- Bitcoin Gold (BTG) traded 5.7% lower against the dollar and now trades at $80.14 or 0.00869039 BTC.
- ZenCash (ZEN) traded 10.8% lower against the dollar and now trades at $22.17 or 0.00240459 BTC.
- ZClassic (ZCL) traded down 13.5% against the dollar and now trades at $8.50 or 0.00092146 BTC.
- Zero (ZER) traded 15.5% lower against the dollar and now trades at $1.03 or 0.00011218 BTC.
- Bitcoin Private (BTCP) traded down 9.8% against the dollar and now trades at $68.18 or 0.00739434 BTC.
Zcash Coin Profile
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 purchased on these cryptocurrency exchanges: GOPAX, Exmo, CoinEx, Upbit, Binance, Cryptomate, Cryptopia, Lbank, C-CEX, Trade Satoshi, BTC-Alpha, Bitfinex, Gate.io, BX Thailand, CoinExchange, Mercatox, Bithumb, CEX.IO, Allcoin, Waves Decentralized Exchange, YoBit, Huobi, Exrates, LocalTrade, Bitlish, Coinrail, Qryptos, Bittrex, Coinroom, BigONE, Poloniex, Abucoins, BCEX, LiteBit.eu, Bit-Z, HitBTC, WEX, Tux Exchange, Altcoin Trader, The Rock Trading, OKEx and Kraken. It is not presently possible to buy Zcash directly using U.S. dollars. Investors seeking to trade Zcash must first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Gemini 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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