Zcash (ZEC) Price Tops $30.67 on Exchanges

Zcash (ZEC) traded up 4.5% against the U.S. dollar during the one day period ending at 17:00 PM E.T. on September 10th. Zcash has a total market capitalization of $500.84 million and approximately $54.24 million worth of Zcash was traded on exchanges in the last day. In the last week, Zcash has traded 5.1% higher against the U.S. dollar. One Zcash coin can now be bought for approximately $30.67 or 0.00053221 BTC on major cryptocurrency exchanges.

Here is how other cryptocurrencies have performed in the last day:

• Bitcoin Gold (BTG) traded up 2.5% against the dollar and now trades at $21.87 or 0.00037945 BTC.
• Horizen (ZEN) traded 1.3% lower against the dollar and now trades at $8.16 or 0.00014153 BTC.
• Komodo (KMD) traded up 1.4% against the dollar and now trades at $0.25 or 0.00000437 BTC.
• Pirate Chain (ARRR) traded 1.5% lower against the dollar and now trades at $0.17 or 0.00000290 BTC.
• ZClassic (ZCL) traded 3.1% higher against the dollar and now trades at $0.0461 or 0.00000080 BTC.

Zcash Coin Profile

Zcash 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. Zcash’s official message board is forum.z.cash. The official website for Zcash is z.cash. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. 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 buy alternative cryptocurrencies such as Zcash directly using US dollars. Investors seeking to acquire Zcash should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Zcash using one of the exchanges listed above.

ZEC/USD price chart by TradingView