Zcash (CURRENCY:ZEC) traded up 0.4% against the dollar during the 1 day period ending at 13:00 PM ET on March 13th. Zcash has a market capitalization of $742.16 million and approximately $47.44 million worth of Zcash was traded on exchanges in the last day. One Zcash coin can now be purchased for $288.73 or 0.03148360 BTC on cryptocurrency exchanges including WEX, The Rock Trading, Kraken and Upbit. During the last seven days, Zcash has traded down 24.4% against the dollar.
Here’s how other cryptocurrencies have performed during the last day:
- Bitcoin Gold (BTG) traded 2.4% lower against the dollar and now trades at $78.70 or 0.00858148 BTC.
- ZenCash (ZEN) traded 6.8% lower against the dollar and now trades at $20.54 or 0.00223934 BTC.
- ZClassic (ZCL) traded 11.6% lower against the dollar and now trades at $7.43 or 0.00080821 BTC.
- Zero (ZER) traded 7.1% lower against the dollar and now trades at $1.01 or 0.00011004 BTC.
- Bitcoin Private (BTCP) traded 15.9% lower against the dollar and now trades at $58.70 or 0.00638161 BTC.
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 bought or sold on the following cryptocurrency exchanges: Qryptos, Coinroom, Abucoins, Binance, Poloniex, Upbit, BTC-Alpha, Allcoin, Bittrex, BX Thailand, Cryptopia, CoinEx, OKEx, YoBit, GOPAX, WEX, Tux Exchange, The Rock Trading, BigONE, Bithumb, Bitfinex, Waves Decentralized Exchange, Cryptomate, Trade Satoshi, Coinrail, Exrates, LiteBit.eu, Bit-Z, Mercatox, Huobi, Altcoin Trader, LocalTrade, Kraken, CEX.IO, CoinExchange, BCEX, Bitlish, C-CEX, Lbank, Gate.io, HitBTC and Exmo. It is not possible to purchase Zcash directly using U.S. dollars. Investors seeking to trade Zcash must first purchase 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 purchase Zcash using one of the exchanges listed above.
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