Zcash Price Reaches $48.43 on Top Exchanges (ZEC)

Zcash (ZEC) traded down 1.3% against the U.S. dollar during the 1 day period ending at 10:00 AM Eastern on January 21st. One Zcash coin can currently be bought for about $48.43 or 0.00046881 BTC on popular cryptocurrency exchanges. Zcash has a market capitalization of $790.74 million and $115.23 million worth of Zcash was traded on exchanges in the last 24 hours. During the last seven days, Zcash has traded down 3.9% against the U.S. dollar.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Horizen (ZEN) traded 1.3% lower against the dollar and now trades at $21.98 or 0.00021278 BTC.
• Bitcoin Gold (BTG) traded 11.4% lower against the dollar and now trades at $9.69 or 0.00009381 BTC.
• Komodo (KMD) traded 1% lower against the dollar and now trades at $0.26 or 0.00000255 BTC.
• Pirate Chain (ARRR) traded 6.1% lower against the dollar and now trades at $0.18 or 0.00000174 BTC.
• ZClassic (ZCL) traded down 4.4% against the dollar and now trades at $0.0443 or 0.00000043 BTC.

Zcash Coin Profile

Zcash (ZEC) is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. Its launch date was October 28th, 2016. Zcash’s total supply is 16,328,269 coins. The official message board for Zcash is forum.z.cash. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. 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.

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 purchase alternative cryptocurrencies such as Zcash directly using U.S. dollars. Investors seeking to acquire Zcash should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Zcash using one of the exchanges listed above.

ZEC/USD price chart by TradingView